Slovakia's first female Prime Minister faces up to the EU
July 14, 2010
Slovakia's new and first female Prime Minister Iveta Radicova is facing a big test as she confronts the EU on the the bail-out for Greece. Luxembourg's leader, Jean-Claude Juncker heads the Euro zone finance ministers said that Slovakia has to sign because this meant to be a deal involving all the countries on the Euro. As usual in cases like this, whatever arm-twisting is going on behind the scenes and however hot the fires to which Mrs Radicova's feet are being held, spokespeople for the bailout profess their confidence that Slovakia will sign. It's not clear whether Mrs Radicova is holding out for political reasons or really will brave the wrath of her EU colleagues.Elsewhere, the head of the European Financial Stability Facility, Mr Klaus Regling, said that it didn't matter if Slovakia did or did not sign; the €440 bn facility will, or should, be in place very soon and will be operational with or without Slovakia. The reasoning is simple; Slovakia's share of the facility is 1% and at that level Slovakia can hardly be in a position to hold back the EFSF.
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