Politics

ESM: Slovakia Pays € 264m

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: © Flickr

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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ESM: Slovakia Pays € 264m

In October, the Slovak government will transfer € 264m to ESM. This will be the first two installments.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.