BUSINESS
09/27/2011 06:52 EDT | Updated 11/27/2011 05:12 EST

Slovenian parliament debates legislation to boost EU rescue fund

LJUBLJANA, Slovenia - Slovenia's parliament is debating legislation to boost a key European Union rescue fund for Greece and other debt-strapped eurozone nations.

The debate takes place Tuesday amid a political deadlock created by the ouster of its left-leaning government earlier this month. This has triggered fears that the approval of the fund known as the European Financial Stability Facility would be postponed until a new government is elected.

The vote in the 90-seat Slovenian parliament is expected later Tuesday.

The €440-billion ($594-billion) fund is to buy government bonds of shaky eurozone countries like Greece or to lend money to governments before they get into a full-blown crisis. It has to be ratified by all 17 eurozone states to take force.