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Slovakia Rejects Plan To Expand EFSF, Government Falls
From Reuters:
- RTRS-SLOVAK PARLIAMENT REJECTS PLAN TO EXPAND EFSF, GOVERNMENT LOSES CONFIDENCE VOTE
- SLOVAK OUTGOING GOVERNMENT EXPECTS EFSF TO BE APPROVED IN REPEATED VOTE, LIKELY THIS WEEK
Details From Bloomberg:
- Total of 55 lawmakers of 124 present back the motion, short of required majority of 76 deputies; 9 were against it.
- Rejection also triggered the fall of Radicova’s government as the vote was tied with a no-confidence motion
- Smer, largest opposition party, which didn’t back the legislation, will support the changes in a second vote, ensuring it will pass, party leader Robert Fico told rporters
- No date has been set for new vote; Finance Minister said revamped EFSF will likely be passed this week
More:
The euro pared gains against the dollar on Tuesday after the Slovak Parliament rejected the plan to expand the European Financial Stability Facility (EFSF).
The Slovak government also lost a confidence vote but the EFSF package is expected to go through in a later re-vote because the outgoing prime minister planned to ask for help from the opposition.
The result had been anticipated after a junior party in the coalition said it would abstain.
All of the 16 other euro zone countries have already ratified the plan to give more powers to the EFSF.
Insert clip about the Spanish inquisition.
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There will be no need for that, if California follows all precedent, statute, and common law, and stiffs the bondholders before the pensioners.
Unfortunately, this is just a slight bump in the road for the Eurofanatics.
Hurrah!
But if they approve it on the re-vote later this week, they should change their name to Slobovia.
Na zdravie!
Nobody expects.... oh damn. Nobody expects
The Slovak Inquisition
How convenient that the news falls after the NA markets close.
Don't worry, Europe.
The US FED and taxpayers will now have to bail you out....
Slovakia... well done... I salute you for being it seems the only sensible country left in the EU, uh World
Keep saying NO!
Who cares?
the non-banksters with future taxation!
So why havent Gold and silver reacted to the news? hmmmm....
Paulson and Sprott are away fishing
Repeat the vote until they get a yes is democracy at its most idiotic
obviously this is bullish
Currency printing is always risk on... you didn't know that?
I'm in shock.
Some folks in Slovenkia just saved the planet? If this holds, we should build statues to them.
Not necessary, you already did.
http://en.wikipedia.org/wiki/Michael_Strank
Thank you, we are planning to develop a planned plan. We plan to release a planned schedule of releases of the plan as soon as the planning committee can be planned.
XoXo, Angela
I hope they do pass it! Speed up the total collapse!
However it was a symbolic victory, rejecting the EFSF 2.0.
Let's go directly to EFSF 1001.0
http://www.youtube.com/watch?v=sMHLTsOA-2gthe goverment falls because they could not bail out a banker.. o boo whooo
Slovakia votes with it's feet. NATO strike packages are inbound. If they won't listen to reason, maybe a few surgical drone strikes will wake them up.
Guilottine all the rothschild cartel and let soveriegn countries to print their own currency
markets will take care of the xchange rate
and a lot of parasites will have to go to work and not do god's work
only that the parasites are of no value to the real economy.
The problem with the Rothschilds, they always play on both sides. they never start a war without being sure to have controlling stakes on both sides. Lets hope, the people take control, that is the only side the Rothschilds have never managed to take a stake in.
One world currency -> physical gold and silver :)
They will approve that shit once that social democratic swine Robert Fico gets to power...
Someone explain to me how a government who needed to form a special group of missfits, to even pass the EFSF and failed to pass its expansion. Will now somhow be able to rearange the chairs to get an expansion of the EFSF passed.
The same people who passed this monster called the EFSF failed. How will they win when they already have all the pro-euro people on there team?
If the opposition is now in charge to pass this tax then how are they going to work togather. If this wasnt an issue the first time they wouldn't be the opposition.
Keep voting 'till you get it right...LOL
I am impressed but the 2nd headline SLOVAK OUTGOING GOVERNMENT EXPECTS EFSF TO BE APPROVED IN REPEATED VOTE, LIKELY THIS WEEK means that this is a short-lived victory.
Even if Slovakia manages to pass at some point, the doubts about European poilicy execution will drive the markets in the days to come. Especially with Greece and eventually some European banks being at a very fragile point right now.
Slovakian politicians approving of the EFSF should even tactically reconsider their vote, as they have lost the favor of some major European political powers. Approving it later will not do it. Accept the fate and go straight forward defending the decision of the people. That and only that will gain any respect in Europe and the world. but it will take a lot of energy for some time.
my favourite daydream is sexualy oriented, but i have heard some people have it different :)
Slovakia will fold easier than a perforated napkin. Non-story.
you will see, how the will of EU citizens increasingly opposes the political will. That gap will complicate covering the Slovakian share by other EUR countries.
As a sidenote: I am really getting disturbed by the ex-post political positioning of PM longs. I fully understand you expect printing, inflation and PM/money appreciation. But what are you really arguing for? This allocation will maintain your buying power relative to those without PM. Wow, great motve to sell the world's destiny. Don't you get that you are only the henchmen of the elite?
PM are going to reflect the true value of fiat. so why bother about political monetary action. In absolute terms, I won't change anything for you. Screaming for the increase of your relative position to the wealth of the general public definitely puts you in the bankster group.
OH NOES!! I Cant handle all the dough coming in from SHORTING
Is this not just a local squabble to oust the current slovak government then?
please explain to slovakians that they have to fund greek pensioners where greek pension is higher than average slovakian salary
Badabing.
.
And the futures hardly moved. So, they expect it to pass.
Zdravie!
Bloody typical dodgy political process. If you don't score on the first attempt, move the goalposts.
This EU fiasco is reminiscent of what the GM board did to Ross Perot.
He was the only one who made any sense and they got rid of him.
Everybiody could see this coming, a mile off. There's plenty more coming. It's hard assets on the table time. This will separate the fiat currencies from the real money. Let this be a lesson to the United States. Central banks accept payment in gold, silver, land, mineral resources and flesh.
http://georgesblogforum.wordpress.com/2011/07/04/when-they-come-for/
No - no day of reckoning is imminent, or even close. Armageddon for bankers is a notorious no-show, not unlike Possum in his prime.
So, remember the US CONgress TARP vote here, and take note. It will pass on the second try.
only TARP was the bazooka then and EFSF is the .38 caliber now. An assassin doubting to pull the .38 is not trusted to kill in a second attempt!
Are these retards really going to now put in a government that will pass it? One government in the world does the right thing and they get kicked out of office? People deserve what they get.