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Slovakia to rescue the Eurozone
Published: 12 October, 2011, 19:49
TAGS: EU, Crisis, Politics, Currencies, Budget, Economy, Finance
Members of the Slovakian political elite have promised to pave the way for approval of an EU bailout package by the end of the week.
The head of the main opposition party, Direction-Social Democracy leader Robert Fico, claims he has worked out a deal with the outgoing government leaders to approve the bailout changes.
“Slovakia will ratify the EU bailout fund without any problems,” Fico told the Associated Press. “I believe it will happen on Friday this week at the latest.”
His statement echoes promises to swiftly approve the bill made earlier by Slovakian Prime Minister Iveta Radicova and her main political opponent, Richard Sulik.
It was Sulik’s neo-liberal Freedom and Solidarity Party, which blocked Tuesday’s bailout vote.
Sulik and 21 other parliamentarians from his party fiercely opposed the increase in the bailout fund, saying it was not fair to pay for Greek debt from Slovakia’s pocket.
Slovakia is the last of the 17 members of the Eurozone to approve the proposed expansion of the European Financial Stability Facility to 440 billion euros.
The expansion was agreed upon at a July 21 EU summit, and is aimed at protecting weaker economies in the Eurozone from the sovereign debt crisis. But it cannot come into power without being ratified by all EU members. According to some European politicians, however, approval of the bailout increase is a foregone conclusion.
"'No' isn't good enough,” a British member of the European Parliament, Nigel Farage, told RT. “'No' is unacceptable in modern-day Europe. If you say 'no,' as the Slovakians did last night, as the Irish did a couple of years ago, you are made to vote again until you get the right answer, which gives you a true measure of what this project is really like."
And with Fico’s Direction-Social Democracy now united with the three ruling parties, the government can count on 119 of the 150 votes in Parliament. So as soon as a new vote is arranged, the “no” will turn into the much-needed “yes.”
Slovakia’s government fell on Wednesday following an irreconcilable split over the bailout issue. In return for agreeing on the bailout changes, the outgoing Slovak coalition government agreed to hold early elections on March 10, 2012.
12.10.2011, 19:46
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Fico is a filthy betrayer and Im sure many wont vote for him because he will betray us as Radicova, Dzurinda - the US puppets (SDKÚ) Figeľ ("Christian"-democratic -meaning as puppetry - Christian - political hypocrites like naming themselves etc to have a sort of moral authority to steal and look innocent)
Most-hid is a hungarian party which cheated some Slovaks into voting for them. Its chief Bugár used every kind of lowly manipulation on the public.
The media are already saying SaS is politically dead, yet it looks like everything but that. Fico is going to hurt himself when bailing westerners banksters.
EU is a colonial system, with West ravaging countries -to enter- with sick regulations to destroy competition, then they come and privatize (sometimes with foreign state-owned companies, so its not private at all)
It is possible SDKÚ will be politically dead after march next year. And we wont have the Euro by then, because it will collapse. Everybody knows it, except the betrayers who deserve gallows.