http://www.nytimes.com/2011/10/11/business/global/eu-delays-high-level-meeting.html


EU delays very important meeting regarding the crisis. SLOVAKIA and Malta might stop Euro fund increase  440 billion euros. Slovakia is expected to vote Tuesday. Dont forget to click NY times website at the top.

Thank you New York Times for your excellent articles.

The delay, announced by the president of the European Council,Herman Van Rompuy, came a day after largely inconclusive talks between the German chancellor, Angela Merkel, and the French president, Nicolas Sarkozy, who promised to act but provided no details.

An agreement to expand the bailout fund for the euro zone, agreed to by leaders in July, requires unanimous approval from member state parliaments. But in Slovakia, which along with Malta are the only ones yet to approve it, the governing coalition on Monday failed to reach a compromise on an endorsement, The Associated Press reported. A vote on the matter in the Slovakian parliament was scheduled for Tuesday.

The failure to reach a deal underlines the extent of political deadlock in Slovakia that could threaten final approval of the euro’s expanded 440 billion euro, or $600 billion, bailout fund. One E.U. official said there was growing concern about the Slovakian vote in Brussels, but also hope that the measure would be approved.