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Fico: Joint action by Eurozone members would build confidence

Only a joint response by eurozone-member countries to the financial crisis can calm markets and renew confidence, Prime Minister Robert Fico said on October 12 before leaving for Paris to attend the eurozone summit .

Only a joint response by eurozone-member countries to the financial crisis can calm markets and renew confidence, Prime Minister Robert Fico said on October 12 before leaving for Paris to attend the eurozone summit .

"If declarations aimed at a joint approach appear, the financial markets will calm down, and the result will be a return to confidence. I consider this to be more important than any technical solutions proposed by the eurozone summit," Fico said.

Fico alos said that Slovakia doesn't see any problems with the proposed technical measures concerning liquidity and other conditions aimed at restoring the smooth functioning of financial institutions. He declined to comment on further details of the summit program, saying that these have to be discussed at the meeting itself, but he did note that no revolutionary ideas have emerged. SITA

Compiled by Zuzana Vilikovská from press reports
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