Spectator on facebook

Spectator on facebook

IN SHORT

EC expects Slovakia to meet euro-adoption criteria

THE EUROPEAN Commission (EC) presented a progress report on the attempts of EU newcomers to meet the criteria for adopting the euro, claiming that Slovakia and its neighbour, the Czech Republic, look like they will meet the new criteria of the Stability and Growth Pact, approved by European leaders at the Brussels summit last March.

Commissioner Joaquin Almunia noted, however, that Slovakia's general government budget expenses represent a mid-term risk in meeting the euro criteria, the SITA news agency reported.

The report says Slovakia's indebtedness is below the 60-percent of GDP limit set by the Maastricht criteria and will remain below that level for the next two decades. Nevertheless, the EC called on Slovakia to work hard to consolidate public finances in the medium term, to avoid the risk of debt expansion.

The EC said it was generally pleased with the "optimistic macroeconomic performance" of the Slovak economy.

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.