Coalition crisis takes toll on crown

EVEN optimistic trade figures could not give the Slovak crown enough muscle to strengthen against its euro benchmark.

Ľudová banka analyst Mário Blaščák thinks that policical bickering in the ruling coalition and the adoption of a controversial revision to Slovakia's abortion law have taken their toll on the Slovak currency. Any of the parties dropping from the coalition would shake investor confidence in reform processes, Blaščák explained.

Juraj Kotian from Slovenská sporiteľňa bank sees the key to restoring calm in the hands of President Rudolf Schuster, who can still veto the abortion law.

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