Bloomberg News

Slovak Parliamentary Budget Committee Recommends EFSF Approval

October 10, 2011

Oct. 10 (Bloomberg) -- Slovakia’s parliamentary budget committee recommended the approval of enhancing the powers of the European Financial Stability Facility, sending the legislation to a vote by lawmakers as early as tomorrow.

The leaders of four governing parties in the euro region’s second-poorest member will meet at 4 p.m. in the Slovak capital Bratislava today to discuss conditions demanded by Freedom and Solidarity, a junior coalition member, in return for its support of the bailout system. Party Chairman Richard Sulik has said repeatedly his lawmakers will reject the related legislation in a vote tomorrow if conditions aren’t met.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net


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