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President meets central bank governor to discuss extension of eurozone bailout fund

The Slovak banking sector is healthy and the capital strength of the country is not threatened, the governor of the National Bank of Slovakia (NBS), Jozef Makúch, said after a meeting with President Ivan Gašparovič on Monday, August 15, the SITA newswire reported.


The Slovak banking sector is healthy and the capital strength of the country is not threatened, the governor of the National Bank of Slovakia (NBS), Jozef Makúch, said after a meeting with President Ivan Gašparovič on Monday, August 15, the SITA newswire reported.

Makúch and Gašparovič discussed current developments, both global and domestic. Makúch informed the head of state about the situation on foreign currency and capital markets, as well as the European Central Bank's recent actions in purchasing Spanish and Italian bonds.

The president was interested in the development of inflation and forecast GDP growth, as well as the development of unemployment in Slovakia and how this might be influenced by current problems on world stock markets.

The governor assured Gašparovič that the Slovak banking sector is healthy, with its capital strength and liquidity intact and secure. They both agreed that Slovakia will face an important decision on extending the European Financial Stability Facility.

"We need to clearly declare that we want to be a part of the European family in the future – where, after all, we export most of our goods,” Makúch said, as quoted by SITA. “That means we want to continue being a stable part of Europe."

Source: SITA

Compiled by Michaela Terenzani from press reports
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