EFSF consequences of the Slovakian NO!

The EU federalist website EurActiv has commentary on the setback for the revised EFSF, linked here, from which the following is a quote:

As Radičová had promised, she turned the EFSF vote into a confidence motion, and lost. Only 55 of 124 lawmakers present voted in favour. Nine were against and 60 abstained, including members of the left-of-centre opposition Smer-SD. The ruling coalition needed at least 76 votes to approve the reform in the 150-seat Slovak parliament.

The main opposition party SMER-SD of former Prime Minister Robert Fico said it supported the EFSF, but wanted early elections. Fico even said that for his party, the ratification of the EFSF was "a priority".

A repeat of the vote is expected this week, on the basis of a political deal.

One might now expect a general election to follow, but in the EU, democracy must be thwarted at any cost, therefore it appears that regardless of the desires of the electorate, a re-run of the vot will occur, apparently achieving a guaranteed "yes vote", perhaps then followed by an election!

All this, it must be stressed, to rescue an EFSF agreement which is widely accepted as inadequate AND requires senior bond holders of Greek debt to accept a haircut in excess of the 21% they only reluctantly and belatedly formerly agreed.