A Little News Story From Slovakia That Maybe You Shouldn't Pay Attention To...


Photo: Wikimedia Commons

You probably remember that tiny Slovakia has been seen as the one possible holdup to an expansion of the EFSF, the European bailout fund that needs more ammo to save Greece and prevent European contagion.But anyway…

There’s a little Bloomberg story that maybe you shouldn’t care about, but maybe you should.

Today a panel voted to endorse the expansion of the EFSF, but there’s some doubt about whether it was a valid vote. It got 6 votes, but it may have needed 7, so a constitutional court may rule on whether it was a legitimate vote.

We’re a little rusty on our Slovakian parliamentary rule, so we don’t know if this is even vaguely a big deal, or whether this represents another threat to the vote.

UPDATE: The vote took place in the parliamentary budget committee, which cleared the bill for a vote tomorrow. If that approval is rescinded, it could delay a final vote on the EFSF until later in the month.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.