Slovakia will approve Europe's enhanced bailout fund today or tomorrow, completing the ratification process across the 17 euro countries as the region's leaders prepare for a summit this month.
Party leaders in Bratislava yesterday secured backing for the European Financial Stability Facility in a second vote, Robert Fico, head of the largest opposition party Smer, said. Prime Minister Iveta Radicova's SDKU party in exchange agreed to back early elections to be held on March 10.
"We will proceed with ratification of the bailout mechanism immediately after the constitutional law on early elections is approved," Fico told reporters. The timing of the EFSF vote depends on how quickly lawmakers get through tomorrow's debate and ballot on the early election, said Mikulas Dzurinda, the chairman of Radicova's party.
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