The European Commission on Thursday, July 15 welcomed the decision of the Slovak government to sign the framework agreement on launching the European Financial Stability Facility (EFSF), but the Commission said it wants to discuss the recommendation given by government to parliament not to support loan funds to Greece, the TASR newswire wrote.
“The European Commission welcomes the statement by Slovak Prime Minister Iveta Radičová on signing the EFSF framework agreement. Concerning other aspects, including financial assistance to Greece, we'll continue together with other EU institutions in discussions with Slovakia,” said EC spokesperson Amelia Torres, as quoted by TASR.
The €750-billion EFSF is a legal instrument that eurozone member countries and the International Monetary Fund (IMF) have agreed upon in order to ensure financial stability across Europe and protect the euro currency. Slovakia’s portion of the package is €4.4 billion.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
16. Jul 2010 at 10:00