KSD wants Slovakia to insist on compliance with stability pact

The Conservative Democrats of Slovakia (KDS) want parliament to push for compliance with the requirements of the EU Stability Pact, which caps EU members’ budget deficits at 3 percent of GDP.

The Conservative Democrats of Slovakia (KDS) want parliament to push for compliance with the requirements of the EU Stability Pact, which caps EU members’ budget deficits at 3 percent of GDP.

This was in reaction to recent remarks by French President Nicolas Sarkozy, who has been trying to loosen the pact’s rules, as his country has had constant problems meeting it.

KDS leader Vladimír Palko said such a resolution is necessary because no one at last week’s summit of EU Finance Ministers objected to Sarkozy's plans. PM Robert Fico did not react either at the meeting of Eurozone member states two days ago.

"Even If Fico does not want to push for it, he needs to be bound by such a resolution,” Palko told the SITA news agency. “And if he wants to push for it, it will come in use to have a resolution to refer to at any time.”

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

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