Crucial Days for Slovenia

Politics ♦ Published: September 26, 2012; 19:05 ♦ (Vindobona)

This week, Slovenia´s Parliament may decide on establishing a bad bank. After Prime Minister Janez Jansa warned of a national bankruptcy, the Slovenian opposition is under pressure.

Crucial Days for Slovenia / Picture: ©

Next Friday, the Slovenian Parliament will vote on the creation of bad bank. Last week, the government presented its proposals. This special purpose vehicle should buy risky assets from Slovenian banks. The agency needs guarantees, however. More than € 4.0bn will not be necessary, Finance Minister Janez Sustersic said. This amount would be the upper limit of non-performing loans, he…