Miklos

"Because the collapse of the euro would be a catastrophe not only for Europe but for the whole world [...] on the other hand saving [the euro zone] in its current form isn't a reasonable solution either," Mr. Miklos said.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

Mr. Miklos said he was content about increasing loans to the International Monetary Fund to be used for assisting the euro zone.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

"The monetary union can't exist without a certain form of the fiscal union," Mr. Miklos said.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

On Greek bailout funding specifically, Mr. Miklos said it is necessary to get a cool-headed assessment from experts whether Athens can fulfill its obligations.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

"Keeping and safeguarding the euro is crucially important for me and it is in the interest of Slovakia," Mr. Miklos said.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

Last October Slovakia's center-right coalition government, which includes the conservative Slovak Christian Democratic Union party, or SDKU-DS, co-chaired by Mr. Miklos, lost a parliamentary vote of confidence over its support for increasing the bailout fund for Greece.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

BRATISLAVA—Europe has to weigh all scenarios for saving the euro, including the possibility of allowing member states to break away from the currency union, Slovak Finance Minister Ivan Miklos said Thursday.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

"It'd be ideal to save the euro and the euro-zone in its current composition without any additional costs for bailing out Greece," Mr. Miklos said in an interview.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012

Europe has to weigh all scenarios for saving the euro, including the possibility of allowing member states to break away from the currency union, Slovak Finance Minister Ivan Miklos said.

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Mr. Miklos declined to say if reducing the number of euro-area members is an ideal solution for the sovereign-debt crisis.

Slovakia: Allow Euro Members to Leave Leos Rousek 2012