Slovakia “Deal” Revives Hope On Fund To Save Euro

 

http://www.nytimes.com/2011/10/13/world/europe/slovak-deal-revives-hope-for-euro-rescue-fund.html

 

Slovakia Deal Revives Hope On Fund To Save Euro

BRUSSELS — The day after Parliament in tiny Slovakia voted to reject the expansion of a European rescue fund, causing the government to fall and threatening efforts to end Europe’s debt crisis, politicians there struck a deal that should permit the expansion of a rescue fund for the euro after all.

While on the one hand many Slovaks found the prospect of bailing out richer fellow euro zone members inconceivable, others savored Slovakia’s seat in the inner circle of Europe, and were dismayed over the spectacle of holding up the bailout.

 

Comment by Adamantine:

Somehow there always seems to be some local politician who sells out the locals for a seat among the big dogs of Europe.

One may wonder how often “offers that cannot be refused” are tendered as well.

 

 

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