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
On 11 October 2011, the National Council of the Slovak Republic, the parliament of Slovakia, voted on whether to approve the expansion of the European Financial Stability Fund. As Slovakia was the last eurozone country to vote on the measure, prime minister Iveta Radičová of the Slovak Democratic and Christian Union – Democratic Party (SDKÚ) made it a vote of confidence. The motion was called on the grounds, according to the Freedom and Solidarity (SaS) party, that Slovakia, the second poorest eurozone country, should not bail out richer countries such as Greece in the interest of bank re-capitalisation. The motion then failed by 21 votes after SaS and Direction – Social Democracy (Smer–SD) abstained.