History of the euro
Slovakia fulfilled the euro convergence criteria. At 2.2%, Slovakia's twelve-month inflation was well below the 3.2% threshold. However, for March 2008 annual inflation was 3.6%. Fiscal deficit was 2.2% versus the reference value of 3.0%. And finally, the government debt ratio was 29.4% of GDP in 2007, well below the maximum ratio of 60.0%. Public opinion supported the switch, with 58% in favour and 35% opposed, but 65% worried about the inflationary impacts of the adoption. Three months after the adoption of the currency 83 percent of Slovaks consider Slovakia's decision to adopt the euro to have been right.
2012 Slovak parliamentary election
Although Direction had won an absolute majority, Fico announced on election night that he would be willing to consult with other parties if they so wished. He also said that: "The European Union can lean on "Smer" because we realise that Slovakia, as a small country living in Europe and wanting to live in Europe ... desires to maintain the eurozone and the euro as a strong European currency." However, no other parties were willing to form coalition with Smer, leading Fico to form the first one-party government in Slovakia since 1993.