Slovenia: Bailout Comes Closer

Politics ♦ Published: October 28, 2013; 07:05 ♦ (Vindobona)

The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.

Slovenia: Bailout Comes Closer / Picture: ©

In 2014, there are only two EU countries which are forecasted to register negative growth rate, according to the IMF. Slovenia is one of the two countries. Last week, Slovenia´s growth forecasts were cut again. This year, GDP is expected to contract 2.8% this year. Slovenia´s National Bank (SNB) predicts that the country will not leave the recession behind before 2015.

Due to…