Slovakia Ratifies Euro Region’s Permanent Bailout Mechanism
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Slovakia ratified the establishment of a permanent bailout fund, the euro region’s main vehicle for fighting the lingering debt crisis.
Lawmakers in Bratislava, Slovakia, voted 118 to 20, with five abstentions, today to approve the 500 billion-euro ($628 billion) measure. The so-called European Stability Mechanism was approved by Finland yesterday.