BRATISLAVA, Slovakia—Slovakia's parliament will vote to endorse the amended European Financial Stability Facility, the euro zone's rescue fund, by Friday at the latest, Robert Fico, the chairman of the largest opposition and parliamentary party Smer-Social Democracy said Wednesday.Well, it's smooth sailing from here on out!
Yeah, especially since the Italians are on board for 18% of the whole thing... Hey wait... Doh! [facepalm]
ReplyDeleteI love how Slovakia is poorer than almost everyone else out there, but is expected to pony up for the binge spending in Greece, Portugal, Italy, ...
ReplyDeleteJust a matter of time before dominoes will be set in motion from a Greek default. There is no way to prevent defaults on European sovereign debt, with Greece being the most prominent example, with the possible exception of massively devaluing the Euro. But as a practical matter that's not much different from a default.
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