Oct. 25 (Bloomberg) -- Slovak Prime Minister Iveta Radicova won’t run in the early elections scheduled for March after she lost a confidence vote over the European bailout mechanism in parliament earlier this month.
Radicova made the announcement at a press conference in the Slovak capital Bratislava today after a meeting of the leadership of her SDKU party.
Her Cabinet lost confidence of lawmakers on Oct. 11 in a motion tied to a vote on the overhaul of the European Financial Stability Facility. Slovakia became the last euro-region country to ratify the package two days later after Smer, the largest opposition party, supported it in exchange for an agreement on early elections set now for March 10.
Radicova’s administration, which came to power in July last year, had made reducing the budget deficit and eliminating corruption as its key priorities. She will remain in office as head of a caretaker government with limited powers until the elections.
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