| Author (Person) | Cienski, Jan |
|---|---|
| Series Title | Financial Times |
| Series Details | 6.9.11 |
| Publication Date | 06/09/2011 |
| Content Type | News |
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Slovakia’s finance minister, Ivan Miklos, said on the 5 September 2011 that he would oppose delaying a crucial vote on new powers for the eurozone’s €440bn bail-out fund. Mr Miklos was responding to comments by Slovakia’s parliamentary speaker, Richard Sulik, that a vote on the measures would not be held until December 2011, defying calls by the European Commission for all 17 countries in the single currency area to approve the measures by the end of September 2011. The new powers would allow the European Financial Stability Fund to inject capital into eurozone banks and purchase distressed sovereign bonds on the open market. Slovakia’s cabinet approved extending the powers of the European bail-out fund on the 7 September 2011. It then faced a fight in getting the measures approved by parliament because of the opposition of one of the four members of the governing coalition. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Slovakia |
