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ECB Worried About Slovenia
Politics ♦
Published: September 12, 2013; 19:39 ♦ (Vindobona)
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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…
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