Spectator on facebook

Spectator on facebook

Šramko: SP deficit not threatening euro adoption

The deficit that Sociálna Poisťovňa (social insurance provider) is running at the moment doesn't threaten the adoption of the euro in Slovakia, Slovak central bank (NBS) governor Ivan Šramko said following the Government session on September 12.

He is not concerned about the prudence of citizens' savings being in the second pension pillar either. From the NBS' perspective, it's important that the current system as established makes the pension system secure. Fluctuations in the yields of savings in the second pillar are natural, according to Šramko, and the weaker efficiency of individual pension management companies (DSSes) in comparison with others has already been dealt with in legislation.

Every change in the second pension pillar will now mean bigger problems for the future, he said. That's why there is no sense in making it voluntary. This system forces the government to economically manage the persistent shortfall and to try to post lower deficits, he says. TASR

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Biker gang complex in Dolná Krupá raises questions

What does the Russian bikers’ gang Night Wolves do in the Slovak village of Dolná Krupá?

The complex in Dolná Krupá

Here is how I measure the speed of integration

Babiš proposes to end war, poverty and religious extremism with a snap of our fingers. Why hasn’t anybody else thought of this?

Andrej Babiš, Czech prime minister

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach