Backstory: Slovakia's Rejection of the Eurozone Debt Plan

Thursday, October 13, 2011

On Thursday, Slovakia's parliament approved the latest proposal to address the Eurozone's debt crisis, but it was the second time that the measure came to a vote this week. On Tuesday, the parliament had rejected it. On today’s second Backstory, Peter Spiegel, Brussels Bureau Chief for the Financial Times, discusses some of the reasons behind the rejection and how the Eurozone’s smaller countries feel about the plans to stabilize the economy that have been developed by the larger economies of France and Germany.


Peter Spiegel

Comments [1]


Only the future will reveal whether the recently approved EFSF will respond to the negative economic development of other countries such as Italy because one of the main reasons why the Freedom and Solidarity party didn't want to support it in the Slovak parliament was the economic situation in those countries whose default could hardly be prevented by any rescue packages. The Italian PM, however, seems to be full of confidence after the last week's vote of confidence even though the country's current situation is quite alarming.

Oct. 18 2011 04:03 AM

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