Slovakia in favour of tightening Stability and Growth Pact rules.

By bne IntelliNews June 1, 2010
Slovakia was supportive of proposals for the introduction of stricter rules within the framework of the Stability and Growth Pact (SGP), finance minister Jan Pociatek declared for portal Euroactiv.com . He explicitly countered recent statements by EC president Jose Manuel Barroso that Germany was the only EU Member State in favour of such a measure and underlined that there were other smaller countries had a positive attitude in this respect, as well. Ideas for restructuring the SGP came in light of the recent Greek debt crisis and the subsequent EU bailout package. Pociatek emphasised that Germany's demands for a tighter fiscal discipline were legitimate, taking into account that it had a significant financial contribution to the bailout package. The minister also underscored the need for sanctions, which seems justified since the current sanctions provisions in the SGP have never been applied despite the breaches of the Pact rules by a number of Member States.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Russia’s war economy boosted by rising oil prices
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss