Bloomberg News

Slovak Party EFSF Deal Hinges on Committee to Study Disbursment

October 06, 2011

Oct. 6 (Bloomberg) -- Slovakia’s ruling-coalition party Freedom and Solidarity has prepared a proposal that may allow parliament to approve an overhaul of the euro-area’s bailout mechanism, said Daniel Krajcer, a party deputy chairman.

The plan will be presented today at a coalition meeting, Krajcer, who is also Minister of Culture, told reporters today in the capital Bratislava, without elaborating.

The plan would create a special committee in Slovakia that would decide on any disbursement of funds from the European Financial Stability Facility, Most party official Bela Bugar told reporters today.

SaS, as the party is known, will back the motion in a parliamentary vote on Oct. 11 if its condition is met, Sme newspaper reported today, citing Jozef Kollar, the head of SaS’s parliamentary caucus.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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