Stigma to keep Slovakia from using ESM pandemic lines

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By Lewis McLellan
05 Jun 2020

Slovakia will not be making use of the European Stability Mechanism’s pandemic crisis support lines, because of concerns that investors would look negatively on the decision.

Juraj Franek, an official at the Slovakian debt and liquidity management department, told GlobalCapital that Slovakia is “not considering” the ESM lines.

He pointed out that “financing is much easier now than it was in the first weeks of the Covid-19 pandemic” and that the central bank is ...

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