Smer admits to postponement of euro

THE EURO will be adopted a year later than the original January 2009 launch date, if that is more advantageous for Slovakia, Smer chairman Robert Fico stated on June 25.

Economic analysts agree that euro adoption could be threatened if inflation continues to rise, which is exactly what could happen if pre-election promises, including those made by Smer, are kept, the daily SME wrote.

Analysts believe the future government will keep inflation under control by cutting public expenditures and the state deficit, except perhaps a coalition made up of the HZDS – Smer – SNS, analyst Pavol Kárász said.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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