Tuesday, October 11, 2011

EFSF/Slovakia Seen as a Done Deal

Here's a link to a recent news item.

"Slovak Prime Minister Iveta Radicova put her government on the line by tying a vote on the size and powers of the European Financial Stability Facility to a confidence motion on her cabinet in a session that was underway in the afternoon.
Even if Radicova loses the vote, as looked likely, she and two of her ruling coalition partners say they will be able to produce a majority for ratification of the EFSF deal by obtaining the support of the largest opposition party.
"There is an assumption that the EFSF, one way or the other, will be approved by the end of the week," Finance Minister Ivan Miklos, who supports the measure, told parliament before the vote.
The leftist Smer party led by former Prime Minister Robert Fico has said it would be receptive — in exchange for major concessions including a cabinet reshuffle or early elections."

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