08 October 2011

SLOVAKIA / GREECE / EUROZONE : Slovaks Are The Key To Passing Bailout Fund.

                                          NYTIMES / N. KULISH

     Slovakia is the eurozone's second poorest nation.
    And...citizens there are outraged that they must guarantee the debt of richer spendthrift nations like Greece, Italy and Portugal...with an expanded bail-out fund.
    They are being asked to pony-up $10bn in debt...for the $590bn stability fund.


    ALSO:  The Slovak ruling party/the SaS...has reportedly refused to accept a bailout overhaul because the PM Radicova refused to accept its conditions...meaning the EU plan could sink...because its needs ALL 17 nations to approve it.
http://www.bloomberg.com/news/2011-10-08/slovak-ruling-party-won-t-back-efsf-after-prime-minister-rejects-demands.html