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"Stability pact" foreseen for Slovak employees

Prime Minister Robert Fico is planning to request that employers and trade unions sign an agreement that would ensure slower growth of salaries and prices in the near future, the Hospodárske noviny daily reported on June 19.

Fico believes such a "stability pact" would aid the National Bank of Slovakia in meeting the Maastricht criteria's strict requirements on inflation. Therefore, spokesperson Silvia Glendová said, the prime minister and his advisors have already started drafting the document.

But some people are unconvinced that the pact is the best route to fulfilling the criteria, such as Slovak Association of Entrepreneurs (ZPS) president Ján Oravec, who prefers that the government focus on balancing the budget.

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

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