Slovakia’s decision was to determine the stock market moods

2011-10-12 12:22:34

Financial issues in Europe have been one of the main discussion topics and determining factors for the stock performance at the same time during the several previous months. Yesterday, European Union was singing the bill concerning financial aid to countries with high debt levels, namely Greece. All countries signed the bill, yet Slovakia was not in agreement with such measures. Debate over country’s decision lasted for over 10 hours and caused volatility in the stock markets. At the end of the day majority of composite indices have shown decline as minutes after the trading session. Slovakia declined the bill. There are ways around Slovakia's opposition, but the move temporarily sets back efforts to address Europe's debt jam.