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.

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