Bloomberg News

Slovak Junior Ruling Party Calls for Referendum on Euro Revamp

December 06, 2011

Dec. 6 (Bloomberg) -- Slovakia’s junior coalition member said it will seek a referendum on a revamp of the euro region’s rules should they “significantly” reduce the country’s independence, Chairman Richard Sulik said.

European leaders will meet later this week to discuss solutions to stop the two-year-old debt crisis from spreading. Finance Minister Ivan Miklos said earlier today the country will back a plan by Germany and France for tighter fiscal co- operation within the euro-sharing bloc.

The Freedom and Solidarity party is against creating a fiscal union with new institutions or any changes to the veto powers of individual members of the bloc, Sulik said at a press conference in Bratislava, Slovakia, today. Should the leaders at the summit agree on such measures, the party, known also as SaS, will propose the referendum for the same day as the elections on March 10, he said.

SaS’ rejection of an overhaul of the European bailout system in October brought down the Cabinet of Iveta Radicova in a linked confidence vote. The party remains part of Radicova’s care-taking government, which will rule the country until the early vote.

--Editors: Douglas Lytle, Zoe Schneeweiss

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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