Slovak crown flat, market eyes budget recount news

...
data would affect the country's euro adoption schedule. 
    The Slovak unit traded at 33.870 against the euro  
as of 0810 GMT, unchanged from Friday's close. 
    Slovakia is in talks with Eurostat, the European Union's 
statistical service, on whether to include some more items into 
public finances, which could increase the fiscal deficit. 
    Prime Minister Robert Fico said last week he expected to 
receive more information from Eurostat on Monday. 
    The crown had weakened in the second half of September as 
some investors worried that the budget revision could boost 
fiscal gap and delay the euro adoption beyond the planned 2009. 
    But Fico calmed the markets last week by saying any revision 
would not endanger the euro zone entry and that the government 
would make spending cuts to keep the fiscal deficit below the 
euro adoption threshold of 3 percent of GDP. 
    "Overall, we do not expect the verdict to seriously endanger 
Slovakia's chances to adopt the euro in 2009, since government 
can still delay spending and has shown the will to do so if 
necessary," Slovenska Sporitelna wrote in a market note. 
    It was not yet clear whether the government or the Slovak 
Statistics Office would publish information they will receive 
from Eurostat. 
-----------------MARKET SNAPSHOT 0810 GMT --------------------- 
crown/euro    33.870 unchanged from Friday 
crown/dollar     23.800 vs. 23.735 
 5-yr govt bond due March 2012   at 4.620/4.319 
10-yr govt bond due April 2017  at 4.731/4.621 
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]