NEWS IN SHORT

Fico meets head of EP socialist group

THE PATH that Slovakia will take to consolidate its public finances is seen as in the social-democratic tradition, Prime Minister Robert Fico said after meeting Hannes Swoboda, the chairman of the European Parliament’s Progressive Alliance of Socialists and Democrats, in Bratislava on May 29.

THE PATH that Slovakia will take to consolidate its public finances is seen as in the social-democratic tradition, Prime Minister Robert Fico said after meeting Hannes Swoboda, the chairman of the European Parliament’s Progressive Alliance of Socialists and Democrats, in Bratislava on May 29.

“As we have communicated a great deal about the issue of consolidating public finances, Mr Swoboda inquired about how it’s going,” Fico stated, as quoted by the TASR newswire, adding that Swoboda voiced his approval of the Slovak cabinet’s approach.

Swoboda and Fico also exchanged ideas on certain proposals that will be discussed at an upcoming EU summit such as an increase in the loan capacity of the European Investment Bank, the possibility of issuing Eurobonds and European project bonds, and whether the EU should enact a financial transaction tax.

“When it comes to all four issues, I’ve said that the Slovak government will back them,” Fico commented, as quoted by TASR.

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