Slovakia likely to rubber stamp next phase of Eurozone bailout

SLOVAKIA’s parliament is likely to approve changes to the Eurozone bailout fund, Eurogroup leader Jean-Claude Juncker said last night.

Slovakia is one of the last of the 17 Eurozone countries to vote to approve the new and enlarged European Financial Stability Facility (EFSF). But the leader of the junior coalition party had threatened to block the rubber stamp, leaving Greece dangling for funds needed to avoid default.

The country’s finance minister Ivan Miklos said on the sidelines of the Eurogroup meeting that Slovakia would vote soon.

But Belgian finance minister Didier Reynders said that Greece had indicated it did not need the loans until the second week in November, rather than late October as expected.