Spectator on facebook

Spectator on facebook

Brussels has not confirmed euro security

A report from the EU Statistics Office, Eurostat, has revised Slovakia's general government deficit for 2006, increasing it by 0.3 percentage points, the daily Hospodárske Noviny reported on October 23. The new general government deficit for 2006 is 3.69 percent of the GDP, according to Eurostat.

Slovakia's deficit cannot exceed three percent of the GDP if Slovakia wants to enter the eurozone. However, Eurostat did not include the debts of National Highway Company into the deficit yet.

Slovakia expects a deficit of 2.9 percent this year. But if the deficit of the highway company, which could be around 0.2 percent of GDP, was included in this result, Slovakia would not fulfill the Maastricht criteria. The deficit would stand at 3.1 percent of the GDP.

Slovakia would experience a similar situation as Latvia, which had to abandon its plan to introduce euro because of exceeding the limit by 0.1 percent.

-SITA

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

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

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

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

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.