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Slovakia split over EFSF vote

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Slovakia split over EFSF vote


It is crunch time for Prime Minister Iveta Radicova as Slovakia becomes the last member of the eurozone to vote on the deal to sort out the euro crisis.

But one of the four parties in her coalition is threatening to vote against the European Financial Stability Facility. With Radicova nailing her colours to the mast, rejection could bring her government down.

Last ditch talks failed to produce agreement yesterday evening leaving Radicova few options with a country split over the deal.

One voter said: “Personally, I am against it. Especially because I think living standards are lower here than in Greece and it is not fair that our tax payers should support Greece.”

While another was all for it: “Of course I think we should approve it. Not only parliament but also a majority of people here think this is the only possible way help to sick Europe.”

Any further delay to the ratification of the EFSF expansion could rattle markets already under pressure from signs that the crisis is spilling beyond Greece’s borders.

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