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Slovakia votes to back euro zone rescue fund

October 14, 2011, 1:30 UTC+3
The euro zone summit in July agreed to expand the EFSF to reduce the Greek debt, support European banks, and stop contagion from spreading to other euro zone economies
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LONDON, October 14 (Itar-Tass) —— Slovakia finally voted on Thursday to bolster the euro zone rescue fund and became the last euro zone country to support increasing the European Financial Stability Facility (EFSF) to 440 billion euro.

The euro zone summit in July agreed to expand the EFSF to reduce the Greek debt, support European banks, and stop contagion from spreading to other euro zone economies. Slovakia was the last country to ratify the plan after voting to hold an early election demanded by the opposition.

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