Sponsored
Article Tools

IMF on Slovenia: “Cleaning Up Banks is the Priority”

Published: October 29, 2013; 14:02 · (Vindobona)

The IMF urges Slovenia to restructure its ailing banking sector. Slovenia faces expensive bank aid-programs.

IMF on Slovenia: “Cleaning Up Banks is the Priority” / Picture: © Vindobona.org

 

“Slovenia is facing a deep recession resulting from a vicious circle of strained corporate and bank balance sheets, weak domestic demand, and needed fiscal consolidation. Cleaning up and recapitalizing banks is an immediate priority to break this cycle. However, any recovery can only be sustained by restructuring the over-indebted corporate sector and reducing the role of…

This article includes a total of 482 words.

or Log In

Fast News Search
Related News
Slovenia: Bailout Comes Closer (October 27, 2013)
Slovenia: NPC Increase to Above 17 Percent (October 25, 2013)
Public Debt: CESEE Countries Below EU Average (October 23, 2013)
Slovenia: Real Estate Tax Wobbles (October 22, 2013)
“Problems in the CESEE Region Are Mainly Fundamental” (October 18, 2013)
Read More
Slovenia, IMF, Austerity, Budget Deficit, Public Debt, NPL Non Performing Loans, Banking Industry, Unemployment, Economic Growth, Capital Markets, Labor Market
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
Austria Appoints 15 New Ambassadors to Austrian Embassies Worldwide
See latest Vindobona Newsletter