14 Jan 2011

Slovakia’s Courageous Gimmick

Miroslav Beblavy

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To help both the United States and Europe grapple with their rising levels of government debt and large budget deficits, this Commentary suggests that EU policy-makers might be well advised to consider an innovative albeit quirky approach devised by Slovakia to deal with the problem, in which the personal prosperity of top national officials is based not only on wage developments in the economy, but also on the country’s fiscal prudence.

The author, Miroslav Beblavý, is a Member of the Parliament in Slovakia, a Senior Research Fellow at CEPS and one of the co-authors of the new salary law in his home country.