Vaclav Klaus

It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.

To pursue a so-called Third Way is foolish. We had our experience with this in the 1960s when we looked for a socialism with a human face. It did not work, and we must be explicit that we are not aiming for a more efficient version of a system that has failed.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

I was in Vienna in August 1968 for a meeting of the International Federation of Multiple Sclerosis Societies, of which I was co-founder, and we wanted a 20th country to join. They asked for a volunteer to go to Prague to get Czechoslovakia to do it, and my hand always goes up first.