Brussels rebukes Slovakia over Greek u-turn

He stressed that Slovakia's decision does not jeopardise the whole €110 billion EU-IMF package: "This development does not put in danger the loan to and the reform programme of Greece, which is proceeding rigourously."

The Finnish politician's remarks come after Slovakia's new centre-right government in a parliamentary vote earlier the same day overturned the previous centre-left administration's Greek deal.

The vote crushed the Greek loan by 69 to two.

Speaking in parliament, Slovak finance minister Ivan Miklos criticised the unfairness of poorer countries being roped in to bail out richer ones and euro area policy makers' lack of accountability.

"I do not consider it solidarity if it is solidarity between the poor and the rich, of the responsible with the irresponsible, or of tax payers with bank owners and managers," he said. "It's true the top politicians in the eurozone are not excited by our position and that we have irritated them quite a lot. But this is only because they have been creating alibis for themselves and we have held up their behaviour to a mirror."

At the same time, Slovak deputies on Wednesday did back the country's participation in the eurozone's overarching €750 billion rainy day fund, the European Financial Stability Facility (EFSF), a commitment that puts them on the hook for €4.4 billion.

Mr Miklos said countries which consistently break EU stability rules should be allowed to go the wall under a "clear mechanism of a managed default," however.

Slovakia became the 16th eurozone member in 2009, being the first former Communist EU country to take the step. Estonia is to become the 17th member next year but has no obligations to join the Greek fund or the EFSF.

All countries joining the single currency have to meet the same fiscal criteria. But actual levels of wealth vary widely within the zone, with Luxemburgers by far the richest and with Slovaks 23 percent less well-off than Greeks on average.

A spokesman for Mr Rehn told EUobsever that Slovakia will not face any legal penalty for its Greek u-turn but should expect unspecified "political consequences."

He noted that eurozone countries will have to re-calculate the Greek package, which was based on 16 contributors and now has 15. "There is no sign that any other member state should follow the same direction [as Slovakia] ...I don't think it is legally possible, as they have all completed the formalities," he said.