Slovakia rejects eurozone bailout plans

Slovakia has stalled in ratifying measures to revamp the eurozone's European Financial Stability Facility (EFSF) rescue fund, intensifying the threat of contagian within the continent.

The country is the last of the eurozone's 17 members to vote on expanding the £440bn EFSF fund, which is aimed at stopping a potential meltdown in Europe by rescuing Greece. The country's coalition government failed to push through the measures by 21 votes, believing the volume of funding to bail out Greece is too high. The governing coalition had linked the vote to a confidence motion and as a result has effectively been toppled. However, a second vote on the issue could be held soon and is expected to succeed, according to the BBC. A number of the country's citizens believe Sl...