Andrej Kiska, an independent businessman-turned-philanthropist, won Slovakia’s presidential election, defeating Prime Minister Robert Fico’s attempt to tighten his grip on power, according to preliminary results.
Slovak Prime Minister Iveta Radicova said pouring more cash to the European Union bailout fund “isn’t an option” to solve the debt crisis and the euro region has to seek alternatives to restore confidence in its currency.
Slovak Prime Minister Iveta Radicova said the compromise she has offered to a coalition partner to persuade it to back an overhaul of the bailout system respects the July accord of European Union leaders.
Slovakia never considered dropping the euro and talk about countries switching back to their national currencies is "extremely risky" as it undermines efforts to stabilize the region, Premier Iveta Radicova said.
Slovak Prime Minister Iveta Radicova demanded an apology from European Union Economic and Monetary Affairs Commissioner Olli Rehn, saying he overstepped his remit by criticizing Slovakia’s refusal to provide aid for Greece.