Entry for July 05, 2006

 
 

Slovak President appointed the Chairman 

of the SMER - Social democracy party - 

ROBERT  FICO  - 

as prime minister of the new 

Slovak government.

     

THE ANNOUNCEMENT of a coalition trio uniting Robert Fico, Vladimí­r Mečiar and Ján Slota hit a nerve with the Slovak currency, which immediately weakened by 15 hellers following the news on June 28. Market watchers expected the crown to continue to lose strength as investors digested what such a government might mean for Slovakia's surging economy