BRUSSELS (MNI) – The other 14 Eurozone countries will cover
Slovakia’s share of the E110 billion loan package to Greece after the
country refused to participate, European Commissioner for Economic and
Monetary Affairs, Olli Rehn said on Tuesday.
Slovakia originally agreed to participate in the E110 billion aid
package for debt-laden Greece, but a new Slovak government decided to
withdraw that commitment. The country has now said it won’t be putting
up its share – worth E816 million – to the joint Eurozone-International
Monetary Fund package.
Rehn told reporters that he had a “very constructive discussion”
with Slovak finance minister Ivan Miklos.
“We discussed the conditional loan package for Greece and I
underlined how important it was,” Rehn said. “It was the crucial
decision taken at a critical moment,” he added, saying it was vital for
all Eurozone members to participate in the solidarity action.
But Rehn’s plea fell on deaf ears, he admitted, saying, “the other
14 (Eurozone members) will cover the share of Slovakia.”
–Brussels: 0032 487 (0) 32 803 665, echarlton@marketnews.com
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