Slovakia gives green light to enhanced EFSF

As widely expected, Slovakian lawmakers approved the enhancement of the European rescue fund (EFSF) today. Out of 147 lawmakers, 114 voted in favor, 30 against, and three abstained.

The vote came after yesterday's talks between the government and SMER-SD, the largest opposition party in Slovakia. SMER-SD agreed to vote in favor of the plan in exchange for the government, which resigned after the first unsuccessful vote, calling early elections.

The elections will be held in March next year.