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: © Vindobona.org

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.

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