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‘How many Slovakians does it take to change a lightbulb"?

Yesterday on CNBC Bob Pisani came on every hour regarding the Slovakian Vote saying, “They will assuredly vote YES”.
It was a gleeful moment when after hours I saw they had voted NO….even though Pisani was assuring everyone otherwise.

45 minutes ago this:

Oct. 13 (Bloomberg) — Slovakia will approve Europe’s enhanced bailout fund today or tomorrow, completing the ratification process across the 17 euro countries as the region’s leaders prepare for a summit this month.

Party leaders in Bratislava yesterday secured backing for the European Financial Stability Facility in a second vote, Robert Fico, head of the largest opposition party Smer, said. Prime Minister Iveta Radicova’s SDKU party in exchange agreed to back early elections to be held on March 10.

“We will proceed with ratification of the bailout mechanism immediately after the constitutional law on early elections is approved,” Fico told reporters. The timing of the EFSF vote depends on how quickly lawmakers get through tomorrow’s debate and ballot on the early election, said Mikulas Dzurinda, the chairman of Radicova’s party.

Enhancing the powers of the EFSF, the temporary bailout fund is crucial for adopting the key element in the strategy to prevent contagion from the debt crisis that has spread from Greece to other countries in the region.

European Commission President Jose Barroso yesterday called for a reinforcement of crisis-hit banks, the payout of a sixth loan to Greece and a faster start for a permanent rescue fund to master Europe’s debt woes. Global stock and currency markets rebounded from earlier losses on optimism Slovakia will approve the EFSF changes.

Expanded Powers

The expanded powers of the 440 billion-euro ($600 billion) EFSF would allow the fund to buy the debt of stressed euro-area nations, aid troubled banks in the region and offer credit lines to governments. The EFSF’s current role is to sell bonds to finance rescue loans.

Fico’s party didn’t back the measure on Oct. 11 because the vote was tied to a no-co

http://www.businessweek.com/news/2011-10-12/slovakia-clears-road-to-completing-
euro-bailout-fund-approval.html

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