ECB Worried About Slovenia

Politics ♦ Published: September 12, 2013; 19:39 ♦ (Vindobona)

The European Central Bank is uncertain whether the financially stricken country will be able to manage its banking crisis.

ECB Worried About Slovenia / Picture: © Vindobona.org

Last week, Slovenia´s government resolved to liquidate the two small privately held banks Probanka and Factor banka. Together, the two banks have a market share of only 4%. Nevertheless, Slovenia´s Ministry of Finance provided guarantees of € 1.0bn. According to economists, this is a wrong signal. Instead of state guarantees, the banks should have gone bankrupt, Joze Damijan told to…

or Log In

Fast News Search
Related News
Slovenia Shuts Down Two Small Banks (September 9, 2013)
Slovenia: Former Prime Minister Accused of Money Laundering (September 6, 2013)
Slovenian Finance Minister: “Enough Tax Burdens“ (September 4, 2013)
Slovenia: Recession Goes On (September 1, 2013)
Slovenian Banking Sector Still Under Enormous Pressure (August 2, 2013)
Read More
ECB European Central Bank, Slovenia, Fiscal Policy, Banking Industry, NPL Non Performing Loans
Featured
See latest Vindobona Newsletter