Bailout change into the loans for hospitals

Saturday, 19. November 2011, 2:56

According to Minister of Finance Ivan Mikloš the European Union could consider the bailout of hospitals as an unauthorized state aid. Therefore he has decided to reclassify the financial resources assigned for hospitals into a  loan. According to him the bailout will de facto not occur, only the creditors will change. Since the loan was provided by state, state will become the creditor. Hospitals will continue to have obligations, but these will be obligations to the state. Minister of Health Ivan Uhliarik, however, insists on the bailout and plans to inform about its necessity on the next session of government.