Slovakia ready to vote down euro bailout fund

Oct 11, 2011 21:50

It has been a member of the eurozone for less than three years and is one of its poorest, smallest members. Yet unassuming Slovakia looked poised tonight to torpedo the bill to boost the powers and size of the multibillion-euro bailout fund designed to rescue Greece and other indebted countries.

The prospect of a no vote unsettled the markets all ( Read more... )

european union, slovakia, europe

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lemonsalt October 11 2011, 23:05:36 UTC
If anyone is interested I just read they did reject it - the needed 62 votes to pass it and only had 55 (60 member of Congress abstained).

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8hrs October 12 2011, 11:28:25 UTC
And - according to BBC - "correspondents say a new vote on the fund is likely by the end of this week" o_o. Will they just have a new vote until it's accepted?

IDK, I wish I understood this crisis/economy in general a bit better, because I'm so confused about everything!

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