Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Moody’s warns about deficit targets

THE FALL of Slovakia’s four-party coalition government could endanger the credit rating of the country and increase the cost of servicing state debt, according to analysts from Moody’s rating agency. It commented that the uncertain political situation could threaten fiscal consolidation of the state budget, the SITA newswire reported.

THE FALL of Slovakia’s four-party coalition government could endanger the credit rating of the country and increase the cost of servicing state debt, according to analysts from Moody’s rating agency. It commented that the uncertain political situation could threaten fiscal consolidation of the state budget, the SITA newswire reported.

The coalition government had promised to lower the public finance deficit to less than 3 percent of GDP in 2013. Moody’s wrote that recent polls indicate that Smer party could win the early parliamentary elections scheduled for March 10 and considers that possibility a potential risk because the past government led by Smer had accelerated the country’s indebtedness.

“Smer still has not confirmed its intention to observe these commitments to reduce the deficit under 3 percent if it gains power again,” stated Moody’s, as quoted by SITA.

Moody’s stated that a new government must reject loosening its fiscal policy if it wants to eliminate what the rating agency called fiscal imbalances and negative effects of the sovereign debt crisis in Europe.


Top stories

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project