Slovenian Government Collapses After Confidence Vote Loss; EFSF Ratification To Be Delayed Until 2012

Tyler Durden's picture

As expected earlier, the next domino in the European contagion cascade, has just tumbled after the local government has collapsed following loss of parliamentary confidence vote.

  • SLOVENIAN GOVT LOSES PARLIAMENTARY CONFIDENCE VOTE - BBG

This means that the pan-European EFSF vote, originally scheduled to be completed by the end of this month, will likely be delayed until 2012 which means at least 4 more months of SMP bond purchases and more anger at direct ECB monetization of Peripheral debt.