The bill was defeated in a first vote on Tuesday, after a coalition party and the main opposition abstained.
A second vote is expected by the end of this week after Prime Minister Iveta Radicova's coalition struck the deal with the opposition Social Democrats.
Slovakia is the last eurozone state to vote on ratifying the fund's expansion.
It is proposed to expand the effective lending capacity of the European Financial Stability Facility (EFSF) to 440bn euros ($600bn; £383bn).
The fund would also be empowered to buy eurozone government debt and offer credit lines to member states and to banks.
Top EU officials urged the country on Wednesday to ratify the bill swiftly.
"We call upon all parties in the Slovak parliament to rise above the positioning of short-term politics and seize the next occasion to ensure a swift adoption of the new agreement," European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso said in a joint statement.
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