Latest News

Slovak finance minister survives vote, more instability ahead

Slovak finance minister survives vote, more instability ahead By Reuters

Breaking News

‘;

Economy 15 minutes ago (Oct 04, 2022 16:45)

© Reuters. FILE PHOTO: Slovakia’s Finance Minister Igor Matovic speaks to the media as refugees fleeing from Ukraine arrive in Slovakia, after Russia launched a massive military operation against Ukraine, in Vysne Nemecke, Slovakia, February 26, 2022. REUTERS/Radova

(Reuters) – Slovak opposition failed to fire powerful Finance Minister Igor Matovic on Tuesday, but the result spells further instability for the firmly pro-Western and pro-Ukraine government.

The row over Matovic, a divisive former prime minister and founder of the main ruling party OLANO, pushed the liberal SaS party to quit the centre-right government last month, which cost the Cabinet its parliamentary majority.

However, even with SaS on board, only 73 lawmakers backed the motion to dismiss Matovic, three votes short of the required absolute majority in the 150-seat parliament.

SaS, which has announced its decision to resign from the government after Matovic leaned on far-right lawmakers to push through a welfare bill, was willing to return if he was fired. With that option gone, it vowed to be a firm opposition.

“This was our last attempt to remove Igor Matovic from the government,” SaS chairman Richard Sulik told a televised news conference after the vote.

“On the SaS part, all attempts to return to government are closed, and SaS is turning into a proper, tough opposition party … We are ready to negotiate an early election,” he said.

The parliament may give a vote of no confidence to the Cabinet with a simple majority, but that would not automatically trigger an early vote ahead of regular polls due in early 2024.

One way to have an early election would be to approve shortening the parliament’s four-year term, although that requires an even stronger majority – 90 out of the 150 votes.

Slovak finance minister survives vote, more instability ahead

Euro zone bond yields drop as investors see less tighteningBy Reuters – Oct 04, 2022

By Stefano Rebaudo (Reuters) -Euro zone government bond yields edged down on Tuesday amid expectations that the European Central Bank (ECB) might take a more cautious monetary…

Spain’s draft 2023 budget bolsters social and defence spendingBy Reuters – Oct 04, 2022

By Belén Carreño MADRID (Reuters) – Spain’s cabinet on Tuesday settled on a 2023 draft budget after tough negotiations within the leftist coalition that concluded with increases…

ECB must at a ‘minimum’ stop stimulus, Lagarde saysBy Reuters – Oct 04, 2022

FRANKFURT (Reuters) – The European Central Bank must at a “minimum” stop stimulating the economy through its monetary policy, the ECB’s President Christine Lagarde said on…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Latest News

Leave a reply

Your email address will not be published. Required fields are marked *