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: ©

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…