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Delo: Prices Are Not Too High, Only Wages Are Too Low

Ljubljana, 14 February - The latest report by the UN Economic Commission for Europe, which forecasts that it will take 10 to 15 years for the Czech Republic to approach to the least-developed EU members and even 20 to 25 years for Slovenia and Poland, certainly confirms the axiom that small economies cannot catch up with the developed world despite their exemplary growth. It is therefore a must to think out something original, efficient in the Irish or Finnish manner. Blind implementation of rules of the developed world and austerity measures reminding of stabilisation efforts of former Yugoslavia seem the worst option. Especially when one is aware that real economic prosperity has its significance in encouraging production and consumption. This is the only way for the state to receive enough taxes for all its needs and for capital to be reinvested, Delo writes in Wednesday's edition.

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