Slovakia suggests 50-percent write-off for Greece debt

Slovakia suggests 50-percent write-off for Greece debt

Slovakia supports the idea of writing off half of Greece's debts, said Prime Minister Iveta Radicova at a session of the Parliamentary committee for EU Affairs on Friday.

"The discussion (of EU leaders) concerns a haircut of 50-percent or more. Most of the countries, including Slovakia, support this radical solution," said Radicova, who will take part in the EU summit in Brussels on Sunday.

Radicova will not agree with further increasing of the guarantees in the EFSF bail-out mechanism. "There's already agreement on this. Increasing of the (financial means) in EFSF in the form of the guarantees of individual countries has been refused," she said.

Tough discussion is expected when it comes to the recapitalisation of European banks.

Many believed that banks first had to look for their internal sources, followed by assistance provided by the national governments, and using EFSF should be a last resort.

Editor: yan

English.news.cn   2011-10-22 05:47:02 FeedbackPrintRSS
BRATISLAVA, Oct. 21 (Xinhua)