The Slovak delegation for EU talks on another bail-out loan for Greece have been given their instructions and should receive a mandate on Friday to put forward Slovakia’s position at the talks.
They will be putting on pressure for stricter conditions regarding any future loan to Greece, in line with the coalition agreement from the beginning of this week. Finance minister Ivan Miklos admits that Slovakia has to be more flexible and not enter discussions with its hands tied from the beginning, but that also other countries support the conditions, such as Germany.
Slovakia has five main conditions that Greece would have to fulfill before a green light is given to the assistance, namely: private sector involvement in the recovery plan; austerity measures endorsed by the whole political spectrum; the use of collateral; privatisation of public companies; and that the International Monetary Fund oversee the recovery plan.
Yesterday head of the SaS party Richard Sulik said this form of regulated bankruptcy is the only way to deal with the crisis in Greece, which has the worst rating in the world at present. Sulik feels that providing more money to Greece would be like throwing it out of the window.