Oct. 4 (Bloomberg) -- An expansion of the euro area’s rescue fund through leveraging may be necessary, Slovak Finance Minister Ivan Miklos said today in the capital Bratislava.
Any default in the 17-member euro region must be coordinated, Miklos said at a budget committee meeting, adding he prefers bank recapitalization from national sources.
Slovakia’s ruling coalition still lacks an agreement on approving the mechanism, Miklos said. The government will meet on the issue later today.
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