Saturday, July 17, 2010

First crack in Eurogroup now official

Le nouveau gouvernement slovaque a en revanche refusé de contribuer à un plan d'aide séparé de l'UE et du FMI de 110 milliards d'euros de prêts sur trois ans en faveur de la Grèce. La part de la Slovaquie était de près de 800 millions d'euros. Membre de l'UE depuis 2004, la Slovaquie a rejoint la zone euro en 2009. Link to Le Monde Rough Translation: The new Slovak Government has refused to contribute to the EU aid plan of 110 billion euros over three years for Greece. Slovakia has been a Eurogroup member since 2004. Open Europe reports - Slovakian Finance Minister Ivan Miklos made clear that his country "will give its approval to the actual launch of the mechanism only if the EU remarkably strengthens the Stability and Growth Pact". In addition, Prime Minister Iveta Radicova said that Slovakia will not contribute to the joint EU/IMF €110 billion bailout package for Greece, since "the Greek loan is about irresponsible government policies, irresponsible behaviour of the banking sector".

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