Credit reating agency affirms A+ rating and stable outlook - Slovak central bank chief predicts euro fiscal union

Parker  told  Dow  Jones  Newswires.  In  July 2008  Fitch  revised  Slovakia’s  Long-term foreign  currency  Issuer Default  rating  (IDR) to A+  from  'A'  on  stable outlook. The  rating agency  affirmed  Slovakia's  IDRs  at  'A+'  in June 2011.

Prime  Minister  Iveta  Radicova  informed  that  the National Bank Governor and member of the ECB Governing Council Jozef Makuch said that  the euro will need a  fiscal union to work in the long-term. According to Makuch, mechanisms  adopted  at  the  level of the  European  Council  are  only  a  short-term
solution.  “The  euro  is  a  stable  currency,  yet it's only standing on one leg,” Radicova paraphrased the governor.

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