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lindang56 Offline
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LISBON, Aug. 26 (Xinhua) -- Following are the Portuguese soccer league fixtures on Saturday:

CD Tondela vs Os Belenenses

Estoril Praia vs SC Braga

CD Nacional vs SL Benfica

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BRATISLAVA, June 2 (Xinhua) -- Slovakia deserves to be released from the Excessive Deficit Procedure (EDP), a rules-based process to ensure the European Union member states correct gross fiscal policy errors, Slovak Finance Minister Peter Kazimir said on Monday.

He said the Slovak government has managed to improve the functioning of the state as well as restore public finances in a sustainable way.

"I'm particularly pleased that in 2013 we have achieved these results Cheap Hydro Flask Standard Mouth , because last year was a very difficult one for Slovakia and for the European economy as a whole," Kazimir said while reflecting on Slovakia's state budget deficit for 2013, which dropped to 2.77 percent of gross domestic product (GDP) from 4.5 percent in 2012.

According to him, release from EDP -- expected to take place at a meeting of European finance ministers in early July -- will mean Slovakia won't have to pay a fine of 0.2 percent of GDP Cheap Hydro Flask Wide Mouth , or about 150 million euros (203 million dollars).

"In the past few months Slovakia has enjoyed access to record low-interest loans for financing its debt. Staying in this procedure would mean an increase in spending on the state's debt servicing. Were we to fail in being released from the procedure, our credibility will be jeopardised," said Kazimir.

Slovakia paid too much on being released from EDP. Opposition sees it from different angle on view.

"The price for being released from EDP is high and has been paid by all citizens. The excessive borrowing continues," said opposition party SDKU-DS chairman Pavol Freso.

According to Freso Cheap Hydro Flask 21 OZ , the gross public debt of Slovakia has reached 55.4 percent which has activated the debt-brake alert, meaning that next year spending both at the national and now also at the municipal level can't increase.

"The citizens will thus also be affected by Government's mismanagement at the municipal level," added Freso.

Slovakia is on course to be released from the EDP, and that shouldn't be reversed either by the changed methodology for monitoring economic growth Cheap Hydro Flask 18 OZ , which will apply as of this fall.

As Kazimir explained, for the purposes of the excessive deficit assessment the methodology that is in keeping with the European System of National and Regional Accounts (ESA 95) will be used.

"This means that no numbers for 2013 arrived at with a new methodology will affect the EDP," stressed Kazimir.

Slovakia joined EDP in 2009, when the deficit reached 8 percent of GDP.

The European Commission on Monday recommended that the EU Council of Ministers close the EDP for six countries: Austria Cheap Hydro Flask 40 OZ , Belgium, Czech Republic, Denmark, the Netherlands and Slovakia.

Currently there is an EDP ongoing for 17 EU member states. If the Council follows the Commission's recommendations Cheap Hydro Flask 32 OZ , the overall number of countries in EDP will drop to 11.

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