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ESM: Slovakia Pays € 264m
Politics ♦
Published: October 4, 2012; 21:45 ♦ (Vindobona)
In October, the Slovak government will transfer € 264m to ESM. This will be the first two installments.
ESM: Slovakia Pays € 264m / Picture: © Vindobona.org
By October 12, the first two cash payments will be sent from Bratislava to Luxembourg. The remaining share capital comes at € 396m. The remaining funds will be paid in 2013 and 2014. In total, Slovakia´s contributions in cash come at € 660m. In order to finance its share in ESM; Slovakia will have to issue government bonds. Moreover, there are guarantees of € 5.786bn. These…
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