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Eurozone bailout mechanism might be discussed by Coalition Council today

The position of Slovakia’s four-party Coalition Council regarding an increase in funding for the EFSF, Europe’s provisional debt bailout mechanism, and approval of the ESM, the permanent mechanism, could be under discussion on at the council’s meeting scheduled for October 4, the Sme daily reported.

The position of Slovakia’s four-party Coalition Council regarding an increase in funding for the EFSF, Europe’s provisional debt bailout mechanism, and approval of the ESM, the permanent mechanism, could be under discussion on at the council’s meeting scheduled for October 4, the Sme daily reported.

The Christian Democratic Movement (KDH) and Most-Hid, two coalition parties, would like to hear a clear position from the Freedom and Solidarity (SaS) party, which has said it is opposed to both mechanisms.

Pavol Hrušovský, the head of KDH’s parliamentary caucus, said that he would like the Coalition Council to decide on a clear yes or no at its meeting but added that he is not sure about the outcome. Most-Híd’s Béla Bugár said he hoped for a compromise alternative to emerge that would be acceptable to SaS.

The governing coalition wants to bring the issue to parliament only after it has settled the issue internally. At this time only three of the four coalition parties support the changes agreed upon by EU leaders and SaS has said it remains opposed.

Sme reported that a vote in parliamentary should be held no later than Friday, October 14 as a European Union summit begins in Brussels on October 17 to discuss the bailout mechanisms, which some observers say could affect the future of the euro as the common currency.

Source: Sme

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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