Leaders of the EU member states have signed a new fiscal agreement for stricter control of national budgets and state debts, the TASR newswire reported, writing that the treaty was prepared thoroughly and quickly because the President of the European Council, Herman Van Rompuy, noted that much is at stake and the debt crisis required a rapid reaction.
“As soon as the agreement comes into effect, its consequences will be deep and long-lasting,” he said, as quoted by TASR, adding that it represents a major milestone in re-establishing trust in Europe’s economy and its purpose is to prevent another financial crisis.
Slovakia’s Prime Minister Iveta Radičová pointed out that the last summit did not primarily focus on the situation in Greece.
“The progress made by Greece with the aim of receiving a new programme of financial aid has been confirmed, but further steps and financial assistance were not on the agenda of the summit,” she said, as quoted by TASR.
Radičová explained that further help for Greece will be the agenda of the new Slovak government formed after March 10 general elections.
The European leaders agreed they will discuss whether there will be enough funds in the bailout mechanisms later this month, with the details set to be discussed by eurozone finance ministers as early as next week via a video conference, but the prime minister said Slovakia will not participate because the current government does not have the necessary mandate to confirm a change.
Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
5. Mar 2012 at 14:00