Spectator on facebook

Spectator on facebook

Decision on second Greece bailout due in one month

Slovakia has not got as much time to reach agreement on the second bailout package for Greece and the broadening of the European Financial Stability Fund (EFSF) as was previously thought. While Prime Minister Iveta Radičová earlier this week said that Slovakia would be the last country to sign the agreement, the Slovak representative at the EFSF, Michal Bruncko, has now commented that the decision can be postponed only until the end of September, the Sme daily reported.

Slovakia has not got as much time to reach agreement on the second bailout package for Greece and the broadening of the European Financial Stability Fund (EFSF) as was previously thought. While Prime Minister Iveta Radičová earlier this week said that Slovakia would be the last country to sign the agreement, the Slovak representative at the EFSF, Michal Bruncko, has now commented that the decision can be postponed only until the end of September, the Sme daily reported.

“By then it is necessary to complete all steps required to validate the new agreement over the EFSF in Slovakia,” Bruncko said, as quoted by the daily.

Though the government approved the bailout package for Greece on August 17, some elements in the ruling coalition are still opposed to lending money to Greece. As well as Freedom and Solidarity (SaS), the four MPs members of the Civic Conservative Party (OKS), who are part of the Most-Hid caucus, oppose the government’s decision.

“OKS’s rejection concerning these issues is not subject to change,” said faction leader Peter Zajac, as quoted by the TASR newswire. “We view the latest events as a testament to our stance that the EFSF has turned out to be an ineffective tool for addressing the debt crisis.”

OKS is proposing that the Slovak Parliament not hold a vote on changes to the Lisbon Treaty, which are a pre-condition for extension of the temporary EFSF and the establishment of its permanent replacement, the European Stability Mechanism (ESM), until the EU adopts a rational and effective long-term scheme that will prevent fiscal and debt crises.

Sources: Sme, TASR

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia to buy F-16 fighter jets. What is wrong with the ministry's analysis?

The Defence Ministry persuaded the government that the American offer is better than the Swedish, but analysts are not convinced.

F-16 fighter jet.

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

Blog: Skills shortage makes us rethink patterns in education

Slovakia must be able to attract and retain the skilled experts, but also grow domestic talents and leaders.

Companies are cautiously considering further education  and training for their employees.

Believe it or not Europe, Trump really does not have a plan

Did you ever wonder what it would be like for a man with no attention span, who has declared bankruptcy four times, to lead the world’s most powerful country?

London during the visit of Donald Trump.