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Slovakia Fails To Agree On European Bailout Fund

Slovak Prime Minister Iveta Radicova (file photo)

Slovak Prime Minister Iveta Radicova (file photo)

Slovakia's governing coalition has again failed to strike a deal to prevent the collapse of a European plan to rescue heavily indebted European nations.

Prime Minister Iveta Radicova said her four-party coalition was unable to agree on a compromise during the October 10 talks.

The 17 states that use the euro must all approve the bailout fund. Fifteen governments, including Germany and France, already have approved the package of measures agreed by eurozone leaders during a special summit in July.

Only Slovakia and Malta have not backed the plan.

Malta was expected to approve the plan in a vote later in the day, leaving Slovakia the only undecided euro member.

The outcome of the Slovak parliamentary vote is uncertain because a junior member of the four-party governing coalition is strictly opposed to boosting the fund.

compiled from agency reports