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Elections might strengthen crown

THE SLOVAK crown could regain strength after the defeat of the former authoritarian PM, Vladimír Mečiar, in the presidential election, analysts have predicted.

Following the election of Ivan Gašparovič, former speaker of parliament, the crown could strengthen for a short time against the euro and move towards the rate of Sk40 per euro, Ján Toth, an analyst with ING Bank, said to the daily SME.

Further developments will depend on how Gašparovič actually carries out his post, especially with respect to the right-wing cabinet.

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