Slovak Ruling Party Ties EFSF to No-Confidence Motion
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Slovak Prime Minister Iveta Radicova pressured rebel lawmakers to approve the euro region’s retooled bailout fund by tying a parliamentary vote today on the facility with a no-confidence motion.
Radicova made the announcement in Bratislava after coalition partners failed to come up with a last-minute resolution to a Cabinet dispute. Parliament begins debate on the European Financial Stability Facility at 1 p.m. with a vote scheduled for sometime later.