Slovakia Rejects Bailout Fund Expansion in Initial Vote
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Slovakia Rejects Bailout Fund Expansion in Initial Vote
Slovak Prime Minister Iveta Radicova after the Slovak Parliament voted down plans to give the eurozone rescue fund more powers. Photo: Reuters
Supporters of the Eurozone measure, which is seen as crucial for Europe to rein in its debt crisis, are hopeful that the Slovak parliament will approve it on a second vote.
By Henry Chu, Los Angeles Times
Reporting from London – Lawmakers in Slovakia on Tuesday rejected a proposal to beef up Europe’s bailout fund for debt-stressed nations, but supporters are hopeful that the measure will pass in a second vote expected to take place within days.
The ruling coalition of Prime Minister Iveta Radicova collapsed after failing to gather enough votes from the Slovak parliament in favor of the measure, an outcome she had warned would be tantamount to a vote of no confidence in her government.
