LJUBLJANA (Reuters) – The head of Slovenia’s largest bank backed a government estimate of around 1 billion euros to recapitalize the country’s three main lenders after the figure was questioned by the Organisation for Economic Cooperation and Development earlier this week.
Slovenia, racing to avert a bailout, said on Friday it would have a plan ready to put to parliament in two weeks to sell off state assets, probably including a bank. The country is facing intensifying pressure from markets and a potential squeeze on its finances following the messy bailout of Cyprus last month.
LJUBLJANA (Reuters) – Slovenia, struggling to avoid following Cyprus into a bailout, announced plans on Thursday for the early rollover of debt maturing in June, a move that could calm markets and thwart a squeeze on its finances.
But in a decision that underscored concern over the three-week-old government’s commitment to reforms, parliament postponed a vote on a “golden rule” seen as a condition if the nation of 2 million people wants to seek aid from its euro zone partners.
LJUBLJANA (Reuters) – Slovenia’s government is moving too slowly in cleaning up its lending sector but the country has enough cash to stay afloat until autumn, the head of its banking association said on Wednesday.
Following last month’s messy Cyprus bailout, the country of 2 million people is struggling to avoid becoming the euro zone’s next rescue victim as it tries to clean up state-owned banks choking on bad loans worth a fifth of the economy.
LJUBLJANA (Reuters) – Slovenia’s struggle to avoid joining the euro zone bailout line intensified on Tuesday after the OECD said the country may have underestimated the cost of cleaning up its banks and a debt auction went awry.
Following last month’s messy rescue of Cyprus, the country of 2 million perched on Italy’s northeast border is seeking funds to heal its state-owned financial sector and has come under increasing pressure from markets.
LJUBLJANA, April 9 (Reuters) – Slovenia, trying to avoid
becoming the euro zone’s next bailout victim, may have
“significantly” misread the cost of fixing its troubled banks,
the OECD said on Tuesday.
Following last month’s messy rescue of Cyprus, the country
of 2 million perched on Italy’s northeast border is facing
intensifying market pressure while seeking funds to heal its
state-owned financial sector.