The Slovak parliament decided on Wednesday, August 11, that Slovakia will not provide Greece with a bilateral loan that was supposed to reach €816 million over the next three years with MPs following the government's recommendation, the TASR newswire reported.
The former government led by Robert Fico (Smer) agreed to Slovakia taking part in a rescue package totalling €110 billion provided by the eurozone and the International Monetary Fund.
The new cabinet made up by four parties, the Slovak Christian and Democratic Union (SDKÚ), Freedom and Solidarity (SaS), the Christian Democratic Movement (KDH) and Most-Híd that emerged from the June general election re-evaluated Slovakia’s stance on the matter.
“Due to a disproportional burdening of Slovakia vis-a-vis its gross domestic product compared to other eurozone member states and due to other reservations that have been raised against it, I recommend that parliament should not agree to the creditor agreement,” said Finance Minister Ivan Mikloš (SDKÚ), as quoted by the TASR newswire.
Representatives of the strongest opposition party Smer declared that they are not against the loan to Greece if that country meets all obligations in line with the recovery plan approved by the international community.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
12. Aug 2010 at 10:00