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Euro fate in the hands of Slovakia. Today sees the crucial vote
Just decide today the fate of Greece in Slovakia. Parliament voted in Bratislava the second rescue package for Greece and expansion of the European Stability.
Slovak Party of Freedom and Solidarity liberal doctrine (SAS), one of the small parties of the ruling coalition, calls the country the second poorest in the euro area bailoutul not to participate in other states and not part of the European mechanism Stability Assessment (SEA) will be put into operation in 2013, according to Reuters.
SAS has 21 of the 150 seats in the Slovak Parliament, the total number of seats held by the ruling coalition is 77, which gives the government a bare majority. The other members of the government considers unacceptable SaS applications, and could find support among the opposition, even at the risk of early elections.
Tuesday, parliament should vote for approval of changes to the European Financial Stability Fund (EFSF), which should Ajuga the effective capacity of 440 billion euros, a mechanism that will occur in the secondary market for bonds, will provide the funding for- the second bailout of Greece and may capitalize banks in the euro area, all under the umbrella of the guarantees offered by Member Eurozone which currently are not under institutional funding agreements. Slovakia contribute to this fund guarantees of 4.37 billion euros, but under the new form, the rate should reach 7.72 billion euros.
Richard Sulik, Sas leader, said in an interview with German newspaper Der Spiegel that "the greatest threat to euro bailout fund is right" and that "trying to solve a debt crisis debt with us." He remarked that Slovakia would also have the largest contribution to fund the bailout, if the amount relates to the country's economic power.
The average salary in Slovakia, with 5.4 million inhabitants, is only 30 euros less than the minimum wage in Greece, 780 vs. 750 euro.
If SAS and government partners do not reach an agreement today to întânire that starts at 5:00 p.m. local time, according to Reuters, the entire European level might crumble in a time when sovereign debt crisis has already first victim among banks, the bank was the Franco-Belgian Dexia and partly nationalized Parthia prefuzii held with state guarantees.
Apart from Malta, who will vote today and who do not expect surprises, other countries have approved the new form of EFSF.
11:06 p.m. Update coalition government has not reached any agreement
Slovakia's ruling coalition has not reached any agreement on bailout package approved in Europe. Leaders will meet tomorrow paridelor for one last discussion before the vote in parliament, according to Bloomberg.
4:52 p.m. Update SaS not change their position and say no bailout on EFSF sites in the euro area
Richard Sulik, the president of Freedom and Solidarity Party, was in the ruling coalition, announced that it will change its stance on European bailout fund. Sulik said that his party will not assume responsibility if the vote in parliament Tuesday the government will collapse, according to Bloomberg.
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