Spectator on facebook

Spectator on facebook

MPs reject SaS proposal to limit Mikloš's powers in Greek loan talks

Slovak MPs on July 6 defeated a parliamentary initiative by the co-ruling Freedom and Solidarity party (SaS) aimed at limiting Finance Minister Ivan Mikloš's powers to negotiate Slovakia's role in a second loan to Greece, the TASR newswire reported.

Slovak MPs on July 6 defeated a parliamentary initiative by the co-ruling Freedom and Solidarity party (SaS) aimed at limiting Finance Minister Ivan Mikloš's powers to negotiate Slovakia's role in a second loan to Greece, the TASR newswire reported.

The proposal, backed by signatures of SaS, OKS and SNS lawmakers, gained the support of only 35 out of 148 MPs present for the vote, TASR reported. One MP voted against, 51 abstained and 61 did not vote.

Mikloš wants the power to make decisions vested in him. The proposal in parliament would have established five conditions: the participation of the private sector; the participation of the International Monetary Fund; the privatisation of Greek state property; appropriate collateral; and a political commitment to the plan by Greece.

Mikloš said he agrees with only four of them. The first condition is the main bone of contention between the minister and SaS. SaS wants to reduce the nominal value of bonds owned by Greece's creditors, which would automatically lead to the country's default. Mikloš claims that such a condition is not negotiable in Brussels.

During the parliamentary debate, SaS leader Sulík restated, as reported the SITA newswire, his previous comments that nothing would help Greece but default. He called the euro a good project provided that the set rules are respected. Sulík further argued that no one provided evidence that the debt-ridden country would be able to repay the second loan.

Mikloš, however, said that the proposal was the worst of all possible solutions as it would mean a disorderly default that could bring down more countries such as Spain or Italy.

The opposition Smer announced, prior to the voting, that it would not back the proposal. Smer's Pavol Paška accused the coalition of threatening Slovakia's position in Europe and rebuked both the Prime Minister and the Finance Minister for changing their attitude towards the Greek problem.

Source: TASR, SITA

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

Top stories

Bratislava has already forgotten the Pressburg ghost

The burnt prints of the penitential reeve’s right hand made Bratislava famous over almost all Europe. Now the story has been almost completely forgotten.

The wooden box with burnt prints.

Luxembourg responded to Fico's and Orbán's lawsuit

Solving difficult problems in cooperation with your neighbors is what leaders are supposed to do. The leaders of Slovakia and Hungary were not even willing to try.

Viktor Orbán and Robert Fico enjoy good relations.

Everton beats Ružomberok Video

But the victory was narrow.

Peter Maslo (front) and Davy Klaassen (back)

Product quality laid on the EU table

Concerns over the different quality of same brand products are confirmed, but will anything change soon?

Will shopping in supermarkets soon become a thing of the past?