Amount of Slovakia's participation in Irish loan not clear yet.

By bne IntelliNews November 25, 2010
The exact amount that Slovakia will have to provide as part of the Irish rescue package has not been determined yet, news agency SITA reported citing finance minister Ivan Miklos. Slovakia's contribution should amount to 1% of the entire loan, which is expected to be between EUR 80bn and EUR 90bn. The negotiations between the European Financial Stability Facility (EFSF), the International Monetary Fund (IMF) and Ireland are still underway. Miklos once again reiterated his concerns about the rescue plan. Miklos told journalists on Wednesday he saw a risk that the euro zone would have to handle more bailout deals after Greece and Ireland. The minister also called for clear rules on extending bailout loans in order to avoid a situation where taxpayers bear the entire cost burden of these loans.

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