The Slovak delegation at the EU summit and meeting of eurozone leaders on Sunday, October 23, will be headed by Prime Minister Iveta Radičová of the Slovak Democratic and Christian Union (SDKÚ), the government decided on October 19, the TASR newswire reported.
European leaders will discuss a package of measures aimed at tackling the debt crisis in the eurozone, including a concept aimed at reducing Greece's debt involving more significant participation of private banks and insurers. The package should also include decisions on stabilising and re-capitalising European banks, which will be mandatory if necessary, TASR wrote.
Additional measures will include bolstering the European Financial Stability Facility (EFSF) and steps aimed at improving the governance of the eurozone. Leaders are set to discuss athe current situation in Greece and the results of a review made in Athens by the so-called troika made up of the International Monetary Fund, the European Commission and the European Central Bank on October 11. This evaluation of Greece will determine the basis for paying a sixth tranche to Greece amounting to €8 billion. Slovakia is not contributing to this.
The EU is also set to formulate its stance in advance of the G20 summit in Cannes, France set for November 3-4 and the United Nations Climate Change Conference in Durban, South Africa scheduled for November 28-December 9.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
20. Oct 2011 at 10:00