Slovakian objections stall €440bn bail-out fund

A stabilisation fund for eurozone countries in financial trouble appears unlikely to start operations in early July 2010 because of the reluctance of Slovakia's incoming government to approve the initiative.

Slovakia was alone among the eurozone's 16 nations in raising objections to the €440bn fund and was coming under intense pressure from other governments as well as the European Commission to abandon its resistance.

Lidové noviny, 11.8.10: No round for Greece (via PressEurop) http://www.presseurop.eu/en/content/news-brief/314281-no-round-greece

EUObserver, 11.8.10: Brussels rebukes Slovakia over Greek u-turn http://euobserver.com/9/30610

Deutsche Welle, 12.8.10: Brussels hits out at Slovakia over U-turn on Greek rescue deal http://www.dw-world.de/dw/article/0,,5903030,00.html

ESO: Background information: EU and IMF agree €720bn boost for rescue plan http://www.europeansources.info/record/eu-and-imf-agree-e720bn-boost-for-rescue-plan/

PressEurop, 16.7.10: Welcome to the club http://www.presseurop.eu/en/content/editorial/295761-welcome-club

SME, 16.7.10: Bratislava joins the stabilisation fund – finally (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/295891-bratislava-joins-stabilisation-fund-finally

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