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Slovakia seeks Maltese euro counsel

Slovak Premier, Robert Fico, said that Slovakia faces several worries regarding the upcoming introduction of the common European currency.

In a joint press conference with Maltese PM Lawrence Gonzi on Saturday morning, Fico said that Slovakia could benefit from Malta’s experience in adopting the euro adding that his country still has a long way to go until it is able to handle the changeover.

Slovakia shall be adopting the euro on January 1, 2009 but the changeover preparations have been encountered with much resistance.

“We face serious worries, especially on the part of pensioners and lower-earning people,” Fico said. He added that he was mostly interested in Malta's experience with measures applied to stop unsubstantiated price increases after the euro adoption. The Slovak Premier was in Malta to take part in the Official Euro Celebration at the Mediterranean Conference Centre in Valletta.

“We exchanged experience and I had a chance to explain to the premier the drawn-out three-year process, during which we prepared our economy and clarified problems connected to the transfer to our people,” said Gonzi. (MaltaMedia)