The Slovak Parliament passed the expanded powers of the European Financial Stability Facility, following the rest of the euro zone parliaments' approval, giving the Facility the green light to use the expanded quantity of 440 billion euros to recapitalize banks, buying bonds in the secondary market and finally providing nations with bailouts.

The Slovak Parliament voted 114 against 30 in favor of approving the EFSF, in the second attempts to pass the legislation this week, after the failure seen on October 11.