Slovakia Rejects Participation in Greece Bail Out

Slovak Spectator reports that Iveta Radičová’s new Slovak government proposed the Parliament to reject participation in the eurozone's loan programme to hard pressed Greece. Of the 79 MPs from the ruling coalition parties, only two deputies voted in favour of the bilateral loan that may reach €816 million over the next three years, and one of them says she pressed the wrong button. The largest opposition party, whose previous government approved the deal on the EU summit, did not attend the vote.

After Hungary keeps signalling that it wants to choose a different path recommended by the EU and the IMF outside the eurozone, Slovakia shows that you can dissent within the euroclub, too. Time will tell if the new-found financial sovereignity of the two countries that adds to the traditional EU-scepticism of the Czech politics, will be sustainable.