>Slovakia and Argentina: the East becoming the South – or the North?


Slovak daily Sme discusses the parallels between Argentina, Iceland and Slovakia as small vulnerable economies and, specifically, the state taking control of the second pillar of a reformed pension system (compulsory individual savings). The global financial crisis is of course in a sense, good news for politicians with genuine etatist leanings such as Robert Fico, for whom the three pillar pension system left by radically reforming predecessor governing has become a real battleground.

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