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Slovakia agrees to Greek bailout, with conditions

Slovakia’s ruling coalition agreed at its session on Tuesday, June 14, that the country would contribute to a new EU bailout for Greece, but only under certain conditions. It was also agreed that Slovak Parliament should give the go-ahead for the government to act.

Slovakia’s ruling coalition agreed at its session on Tuesday, June 14, that the country would contribute to a new EU bailout for Greece, but only under certain conditions. It was also agreed that Slovak Parliament should give the go-ahead for the government to act.

The Sme daily wrote that Slovakia has several conditions for Greece and the European Union: the Greek government should make more savings; it should privatise assets after agreement with the opposition; the loan should be guaranteed by Greek state property; and the private sector should agree to exchange existing bonds for bonds with seven years’ longer maturity, and thereby contribute to the Greek rescue.

Countries like Germany, Finland and the Netherlands also want private investors to share the burden of guarantees. These conditions were outlined, Sme reported, by the leader of Freedom and Solidarity (SaS) and Speaker of Parliament Richard Sulík. Later in the day Finance Minister Ivan Mikloš was able to tell an EU finance ministers’ meeting in Brussels that Slovakia would give its content to the Greek bailout.

Source: Sme

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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