Slovakia entitled to block Eurozone rescue mechanism

Under pressure from the Eurozone's financial ministers Slovakia has now agreed to support the rescue fund for the single currency. However it still refuses to help Greece out of its crisis with direct funding. The conservative daily Lidové noviny takes issue particularly with the harsh tone adopted by German Finance Minister Wolfgang Schäuble: "Up to now the Slovakians regarded their membership of the Eurozone as a status symbol confirming that they are no longer part of the East. Now they're seeing a different side of things when Schäuble says: 'There is no room for negotiating [with Bratislava].' Why not? The rescue fund won't be established until everyone has agreed. That's what the rules say. ... From January to May the German government dithered about helping Greece. ... And anyway: Would Schäuble use such words addressing Germany's constitutional judges, who have yet to rule on this matter?"

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