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GreekReporter.comGreeceSlovakia Rejects Bilateral Loan Supporting Greece

Slovakia Rejects Bilateral Loan Supporting Greece

Slovakia’s parliament rejected the bilateral loan worth 816 million euro to debt stricken Greece, heeding recommendations of the new centre right government.
The bill on Bratislava’s participation in the EU rescue package gained only two approving votes among the parliamentarians present at Wednesday’s session; 69 deputies voted against participation, with 13 abstaining.
The previous government under Social Democratic Prime Minister Robert Fico pledged in May that Bratislava would fulfill its share of the Greek loans but delayed a final decision until after parliamentary elections in June.
The center right government under Prime Minister Iveta Radicova then took power. Radicova had criticized Greece’s “undisciplined budget policy” and sought to overturn the previous government’s decision.
Slovakia is the newest member of the eurozone, having adopted the currency in 2009. The country joined the EU in 2004.

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