Slovak government approves participation in EFSF but rejects loan funds for Greece

The Slovak government at an extraordinary session on Thursday, July 15, agreed that it will sign the agreement on the European Financial Stability Facility (EFSF), the TASR newswire reported but Slovakia's participation is still subject to ratification in parliament and the signature of President Ivan Gasparovic. At the same time, the government refused to provide any funds for the EU loan made to Greece. The government recommended that parliament should not pass partial agreements necessary for Slovakia to grant funds to Greece. The original agreement on the loan to Greece was signed by the former cabinet of Robert Fico in May 2010.

The Slovak government at an extraordinary session on Thursday, July 15, agreed that it will sign the agreement on the European Financial Stability Facility (EFSF), the TASR newswire reported but Slovakia's participation is still subject to ratification in parliament and the signature of President Ivan Gasparovic.

At the same time, the government refused to provide any funds for the EU loan made to Greece. The government recommended that parliament should not pass partial agreements necessary for Slovakia to grant funds to Greece. The original agreement on the loan to Greece was signed by the former cabinet of Robert Fico in May 2010.

Both decisions were expected after an agreement on the EFSF was taken at a Coalition Council session late on Wednesday, July 14 and also because the Christian Democratic Movement (KDH) was the only governing coalition party willing to back the loan to Greece.

Source: TASR

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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