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Parliament Rejects Loan to Greece
Wednesday 11 August 2010 Zoom in | Print page
Bratislava, August 11 (TASR) - Parliament decided on Wednesday that Slovakia won't provide Greece with a bilateral loan that was supposed to reach €816 million over the next three years.
Parliament thereby followed the Government's recommendation on the issue.
The former government led by Robert Fico (Smer-SD) agreed to Slovakia taking part in a rescue package totalling €110 billion provided by the eurozone and the International Monetary Fund. The new Cabinet (SDKU-DS, Freedom and Solidarity/SaS, the Christian Democrats/KDH and Most-Hid) that emerged from the June general election has re-evaluated Slovakia's stance on the matter, however.
"Due to a disproportional burdening of Slovakia vis-a-vis its gross domestic product compared to other eurozone-member states, and due to other reservations that have been raised against it, I recommend that Parliament should not agree to the creditor agreement," said Finance Minister Ivan Miklos (SDKU) in Parliament.
Representatives of the strongest opposition party Smer declared that they aren't against the loan to Greece if that country meets all obligations in line with the recovery plan approved by the international community. This can't be evaluated at the moment, however, so Smer wanted to postpone the discussion on the matter to September.
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