Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SLOVAKIA
Prime Minister Igor Matovic remains under significant pressure to step down following the resignation of six Cabinet minister and counting and the withdrawal of the libertarian Freedom and Solidarity Party (SaS) from the governing coalition.
- Matovic's crisis broke open earlier in March when it emerged that he had purchased 2mn doses of the Sputnik V COVID-19 vaccine from Russia, despite the vaccine not yet having EMA approval.
- The prime minister has offered to resign as long as he can remain part of the Cabinet, but this has been rejected by the two remaining allies of Matovic's populist Ordinary People (OL'aNO): the conservative 'We Are Family' (Sme Rodina) and the centrist 'For The People' (Za l'udi). Eduard Heger, minister of finance and acting health minister from Matovic's OL'aNO, has been proposed as a potential replacement PM.
- This morning President Zuzana Caputova also called on Matovic to resign, saying that "It is inevitable for the prime minister to resign and make it possible for the coalition partners to strike a deal to reconstruct the government".
- As can be seen in the chart below, even with the withdrawal of SaS, the gov't still holds a comfortable majority, with 80 seats to the opposition's 70. However, should Matovic dig his heels in an refuse to resign, one of the remaining smaller parties pull their support it would see the gov't collapse.
Chart 1. National Council, Seats
Source: National Council, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok