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“The European Commission has no confidence” in the reforms to be implemented by Robert Fico’s social-democratic government, remarks SME following the November 13 publication of the Commission’s economic forecasts for 2014.
According to the report, Slovakia’s public spending deficit will increase by 0.8 per cent, the worst prediction for a state in the 18-member Eurozone. Among the 28 members of the EU, only Croatia and Hungary came off worse.
The Bratislava daily, which points out that this is the second warning that the state has received in recent times from the Commission, believes that the government is not sufficiently motivated to change its policies, because investors who lend to states at a reasonable level of interest already know it does not keep its promises —
It will be interesting to see if authorities like the European Commission will be able to exert an influence.
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