Saturday, March 30, 2013

Slovenia may repeat the fate of Cyprus



 As informs television channel BloombergSlovenia in the near future may become the fifth country of the euro zone, which would require a stabilization program of the EU and the IMF. According to the channel, the special fears are caused by financial condition of a number of Slovenian banks, which for some time have begun to experience difficulties related to non-return of many loans. Investors' attitude to the problems of this Balkan country illustrates the jumped yield of ten-year promissory notes which by now have reached a very high level for the euro area.


 At the same time, analysts calm, saying that the Slovenia has problems, but they are not too serious. Slovenia's debt to GDP still makes only 44%. This means that all of the problems that have emerged in the banking system, the government can solve the through internal resources and for this may be needed not so much money.

Source: novostimira.com.ua

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