Prime Minister Iveta Radicova |
Slovakia’s
parliament has voted against expanding the European Financial Stability
Facility (EFSF). This means the euro emergency fund risks not being extended as
Eurozone leaders agreed in July.
The Slovak
government of Prime Minister Iveta Radicova was split, with a small liberal
coalition partner against the EFSF deal.
Ms Radicová
had gambled her political life on the parliamentary vote and is now expected to
resign. If that happens and the government falls, a new vote can be taken on
the EFSF issue.
The
opposition social democrats are then expected to back the euro support fund’s
expansion and the July deal can go ahead.
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