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EFSF proposal may again go to parliament today or Friday

Slovakia’s cabinet passed another proposal to support the changes to the EFSF rescue fund on October 12 with the proposal expected to go to parliament again either on October 13 or October 14, the TASR newswire reported.

Slovakia’s cabinet passed another proposal to support the changes to the EFSF rescue fund on October 12 with the proposal expected to go to parliament again either on October 13 or October 14, the TASR newswire reported.

Under an agreement with the Smer party, parliament must first pass a constitutional act to hold an early parliamentary election – tentatively agreed for March 10, 2012. This was Smer’s condition for its support for the EFSF vote.

During a break in the government session on Wednesday, the chairman of the Slovak Democratic and Christian Union (SDKÚ), Mikuláš Dzurinda, stated that the EFSF legislation could be passed as early as Thursday, October 13. He and his coalition partners do not expect the chairman of the Freedom and Solidarity (SaS) party, Richard Sulík, who also is speaker of parliament to cause any obstructions during the second vote on the EFSF.

"It's always the majority that makes decisions in parliament. And due to the fact that MPs from our three parties as well as from Smer proclaimed their support for EFSF, I don't expect any obstructions," said Most-Híd chairman Béla Bugár to TASR.

Slovakia is the only eurozone country that has failed to ratify the agreement to bolster the EFSF. The eurozone’s deadline for approval of the changes has now been moved to October 22 to accommodate Slovakia.

Source: TASR

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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