Slovak parliament approves European Stability Mechanism

As expected, the European Stability Mechanism (ESM), a permanent rescue fund proposed by eurozone countries to deal with the sovereign debt crisis and other fiscal problems, was passed by Slovakia’s parliament on June 22. In the end, 118 MPs out of 144 present voted in support, 20 voted against, one did not vote and five abstained.

It was expected that Slovakia’s approval of the ESM would sail smoothly through parliament as Prime Minister Robert Fico’s party, Smer, holds a majority of seats.

For the full story, please visit The Slovak Spectator

(Photo: jorge vicente/