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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…

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