Fico promises Merkel and Hollande: Slovakia will meet 3-percent deficit target

The core message of a meeting of the prime ministers of the Visegrad Group countries (Slovakia, Czech Republic, Hungary and Poland) was that the four countries would stick together and so address current issues, economic in particular, Slovak Prime Minister Robert Fico said at a V4 summit in Warsaw on Wednesday, March 6. The meeting was also attended by German Chancellor Angela Merkel and French President Francois Hollande.

The core message of a meeting of the prime ministers of the Visegrad Group countries (Slovakia, Czech Republic, Hungary and Poland) was that the four countries would stick together and so address current issues, economic in particular, Slovak Prime Minister Robert Fico said at a V4 summit in Warsaw on Wednesday, March 6. The meeting was also attended by German Chancellor Angela Merkel and French President Francois Hollande.

The TASR newswire quoted Fico as saying that the four countries were successful in enforcing their priorities in the EU’s forthcoming multiannual budget for 2014-20, especially when it came to bridging regional gaps.

The Hospodárske Noviny daily also quoted Fico as saying that the Slovak budget deficit would come in at under three percent this year. "I can guarantee that the 2013 deficit will be below three percent of GDP. We will meet this commitment," Fico stated. He pointed out that consolidation of public finances is much more painful for countries, such as Slovakia, with low salaries and pensions, and said that the rules should apply to all countries equally.

Sources: TASR, Hospodárske Noviny

Compiled by Zuzana Vilikovská from press reports
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