Slovakia on Thursday became the final country to ratify the expansion of a European rescue fund, giving the bloc a critical tool to address the sovereign debt crisis and bolster the euro, but one few expect will solve Europe’s debt problems.
Internal domestic tensions in Slovakia, one of Europe’s smallest economies, had delayed the measure, which required the approval of all 17 European Union countries that use the euro. A similar vote in the Slovak Parliament failed Tuesday night, bringing down the government after one of the four parties in the governing coalition refused to support the deal.
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