Political parties in Slovakia have agreed to ratify the expansion of the eurozone’s bailout fund, the EFSF, by the end of the week after the initial vote was rejected on Tuesday and the collapse of the four-party coalition government. An election is now expected to be held on 10 March 2012.
submitted by
OpenEurope on 13th Oct 2011 (via openeurope.org.uk)
Following an all-day debate yesterday, the Slovakian parliament voted last night to reject the expansion of the EFSF, which would have seen Slovakia’s loan guarantees under the bailout fund increase from €4.4bn to €7.7bn. As a result Slovakian Prime Minister Iveta Radicova’s four-party coalition government has effectively collapsed, as the EFSF vote was tied to a vote of conf...
submitted by
OpenEurope on 12th Oct 2011 (via openeurope.org.uk)
A flurry of news yesterday evening, among it Slovakia's rejection of the euro bailout and even more ado about our Defence Secretary. But nothing nearly as striking as the alleged Iranian plot to murder the Saudi ambassador to Washington. Drugs, money, geopolitics, potential mass slaughter — this is a web of the most tangled and terrifying kind. And, according to US officials, it all lea...
submitted by
Spectator on 12th Oct 2011 (via spectator.co.uk)
Slovakia is a small country that most people might confuse for Slovenia at a Pub Quiz. It has been a member of the eurozone for less than three years and represents less than 0.5 per cent of Europe's GDP. But it is now also one of the greatest problems for the euro, after the country's parliament voted tonight to reject an expansion of the European financial stability facility (EFSF). Th...
submitted by
Spectator on 12th Oct 2011 (via spectator.co.uk)