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Slovak leader: EU bailout fund 'road to hell'

Slovak leader: EU bailout fund 'road to hell'

An influential member of Slovakia's ruling coalition is confident he can muster enough support to block a plan to boost the powers of the eurozone's bailout fund.
Richard Sulik, leader of the Freedom and Solidarity Party and parliamentary speaker, told the AP such measures are pointless and "a road to hell."
All eurozone nations must give their consent before the "European Financial Stability Facility" can be given new powers, such as buying the bonds of governments struggling with their debt loads.
Sulik says Slovak lawmakers will vote on the matter some time this fall once all other eurozone nations have delivered their verdict.
Slovak government approved the plan to beef up the rescue fund on Wednesday.