Slovakia faces budget challenges amid political turmoil over convicted central banker

Slovakia faces budget challenges amid political turmoil over convicted central banker

7 days ago

Controversy Surrounds Former Slovak Finance Minister Fico’s Political Maneuvering

Former Slovak Finance Minister Peter Kažimír faces the repercussions of a bribery conviction, which Prime Minister Robert Fico seeks to leverage politically against his party rival, Hlas. A judge determined that Kažimír offered a bribe to a tax official in 2016, resulting in a fine of €200,000 or a year in prison. This conviction is anticipated to weaken Hlas’s support for his political ambitions, reports 24brussels.

Kažimír maintains his innocence, claiming the charges are politically motivated. He argued in a recent op-ed that the judge had attempted to pressure him into providing incriminating evidence against Fico or former Prime Minister Peter Pellegrini in exchange for immunity.

Kažimír’s legal team is currently appealing the conviction to the Supreme Court, which is expected to deliver a decision within the year, according to sources familiar with the situation. These discussions underscore the deepening political rift in Slovakia as parties navigate complex legal and ethical landscapes.

The fallout from the ruling has created discomfort among central bank employees, with some expressing concerns about the implications of serving under a convicted individual. However, insiders noted that Kažimír’s effective management and modernization efforts at the National Bank have helped mitigate the stigma of his conviction.

“Even those who have never supported Smer are embarrassed by this conviction but prefer him over Kamenický due to his competence,” commented a former member of parliament, highlighting the intricate dynamics within Slovakia’s political framework.

Historical Context of Political Turbulence

The current political struggles in Slovakia trace back several years, particularly to the period following the assassination of journalist Ján Kuciak. His investigations into potential government and mafia connections prompted significant political upheaval during Fico’s administration. Kažimír garnered respect in European political circles during his tenure as finance minister from 2012 to 2019, particularly for his tough stance against Greece’s bailout requests amidst the country’s sovereign debt crisis.

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