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Radičová to back stricter budgetary rules at EU summit

Slovakia will be represented by Prime Minister Iveta Radičová at a meeting of EU leaders in Brussels on Friday, December 9, the government decided on Wednesday.

Slovakia will be represented by Prime Minister Iveta Radičová at a meeting of EU leaders in Brussels on Friday, December 9, the government decided on Wednesday.

The European Council is set to discuss stricter budgetary rules and automatic sanctions for violations, as well as monitoring of budget creation in individual member states. Radičová will speak in favour of these rules, the TASR newswire reported. She will also promote the independent status of the European Central Bank (ECB) in the decision-making process vis-a-vis the purchase of state bonds and a shortened process for adopting the ESM permanent bailout mechanism, which could come into being as early as in mid-2012. Slovakia also thinks that countries that fully comply with eurozone budgetary rules should not be restricted when it comes to their budgetary and economic policies.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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