Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Slovakia neglecting euro prep, MP says

IVAN Štefanec, an MP for the opposition Slovak Democratic and Christian Union (SDKÚ) who served as a coordinator for euro adoption under the previous right wing government, has said that Slovakia is not paying sufficient attention to preparations for the introduction of the euro.

Štefanec said that Slovakia should follow the example of Slovenia, which managed to adopt the euro in both cash and non-cash payment systems at the same time on January 1, 2007. He noted that despite expectations, the new government in Slovakia has not yet appointed a new coordinator for the euro introduction.

He also noted that the position of National Bank of Slovakia vice-governor for monetary policy has been vacant since the spring, after President Ivan Gašparovič refused to appoint a candidate approved by parliament under the previous ruling coalition.

Štefanec also criticized the fact that the government has not yet organized a meeting of the National Coordination Commission for Euro Adoption, nor has it updated the national plan for the common EU currency.

"The government is threatening Slovakia's chance to adopt the euro as of January 1, 2009 through its irresponsible attitude towards this issue", he said.

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.

Focus Poll: Government loses support

Extremist party led by Marian Kotleba would have come third

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár) would have problems forming a cabinet.

Bratislava bus station is moving into Bottova Centrum Photo

If the temporary station gets all the construction approvals, it may start operation on October 1.

The future temporary bus station on Bottova Street in Bratislava