Slovakia

The Slovak government has joined in with calls from Austria, Slovenia, and the Netherlands for collateral to be posted by Greece against loans extended. This move was instigated by a deal struck between Greece and Finland that reportedly ensures Finland receives 20% cash collateral as a guarantee on EFSF loans to the Hellenic nation. The four-party ruling coalition of Slovakia has been at odds over the state's contribution to eurozone mechanisms since refusing to participate in the first Greek bailout in 2009. While we believe that the Slovak government will support the expansion of the EFSF and foundation of the

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