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Radicova: Impossible to Decide on EFSF Without Approval of Parliament
Monday 12 July 2010 Zoom in | Print page
Brussels, July 12 (TASR) - I cannot give any consent to allocate resources for the European guarantee mechanism (EFSF/European Financial Stability Facility) without the approval of the Slovak Government and Parliament, Slovak Prime Minister Iveta Radicova said after her meeting with European Council President Herman Van Rompuy on Monday.
"The former government gave general consent on May 10, but I will respect the European legislation as well as Slovakia's. At first, I'll lay out the idea to the Government members, then the Coalition partners and, finally, Parliament. Only then can Slovakia adopt an official stance," said Radicova, adding that EFSF will be discussed at this Wednesday's (July 14) Government session.
EU representatives were expecting Slovakia's signature to come by mid-July, readying the €440 billion (the eurozone contribution to the €750 billion rescue package) for use as early as the end of July. Having the decision passed by the Slovak Parliament, too, doesn't make such a deadline feasible, however.
Radicova reiterated her refusal to participate in providing aid to Greece – an earlier package €146-billion package of direct aid to Greece. "We disagree with this aid," Radicova said resolutely.
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