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Slovakia opposes writing off Greek debt

Xinhua, July 22, 2015 Adjust font size:

Slovakia is staunchly opposed to writing off part of Greece's nominal debt, Slovak Prime Minister Robert Fico announced after a government session on Tuesday.

"Slovakia will refuse to write off part of the debt as a matter of principle - even at the cost of political difficulties that may emerge for us as a result," stressed Fico.

Fico said that Slovakia can serve as a model for many countries. Take for example its law on debt brake.

Fico said that the debt brake begins emitting warning signals when a country's debt approaches 60 percent of GDP.

"The Greeks have to do a difficult homework to be entitled to receive a further financial package. Nevertheless, if we notice that Greece is failing to meet its commitments and isn't doing this homework, Slovakia will be in the first line of countries demanding that Greece leaves the eurozone," concluded Fico. Endit