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Caution has become a desired article.
(From The Slovak Spectator)
THE MASSES have a short memory and people have already forgotten that back in the 1990s Slovakia had 20-percent unemployment, collapsing companies, ailing banks and 20- to 30-percent interest rates on loans, says Alubos Vanco. He believes that although the global downturn is very unpleasant, its impacts on the region and specifically Slovakia are not nearly as grave as the condition of the country's economy back then.
The managing partner of KPMG, a global audit, tax and advisory services company, also says that caution has now become a desired article, but that this is a rather short-term reaction and with changing economic ...
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