Slovaks fear a eurozone house of cards

“The eurozone is at risk of collapse.” With a front-page headline that quotes Slovak Finance Minister Ivan Mikloš, SME reports that Slovakia is preparing to contribute 1% to the Irish bailout fund, which according to current estimates will amount to 85 billion euros. “We are going to lend the money, but we are not happy about it,” announced the minister, who views the loan as a short-term necessity to calm the markets. The Bratislava based daily explains that Mikloš is not alone in announcing dire warnings about the single currency. Prime Minister Iveta Radičová has also pointed out that if the Irish scenario is repeated in other European countries, the “euro zone could collapse like a house of cards.”