Eurozone Debt Crisis To Test Coalition Cohesion

We hold to our view that Slovakia is unlikely to block either an expansion of the EFSF or the ESM on its own, but expect this issue to test the cohesion of the centre-right coalition when it comes to a vote later this year. Ultimately, we see scope for the coalition to turn to opposition Direction - Social Democracy Party (Smer-SD)in the absence of full coalition support.

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