Slovenia: “Danger for Austrian Banks is Limited”

Businessn.a. ♦ Published: September 3, 2012; 21:30 ♦ (Vindobona)

Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.

Slovenia: “Danger for Austrian Banks is Limited” / Picture: ©

“In the worst case, Austria is clearly highly affected. Austria´s banking industry has the biggest exposure in Slovenia.” William Jackson at Capital Economics told APA. However, Slovenia´s GDP only comes at € 35bn. A bail-out of € 5bn would be no problem for the EU and the IMF, Jackson says. Thus, the danger for Austrian banks in Slovenia is rather limited, he explains. In…