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Slovenia: Foundation of Bad Bank Proves Difficult
Politics ♦
Published: October 24, 2012; 18:31 ♦ (Vindobona)
After the approval of the Slovenian Parliament, the government faces a public vote on the creation of a bad bank and an industrial holding group.
Slovenia: Foundation of Bad Bank Proves Difficult / Picture: © Vindobona.org
The Slovenian Parliament has approved the government´s plans to create a bad bank for the financially stricken banking sector. This special purpose vehicle should buy risky assets from Slovenian banks. The agency needs guarantees, however. More than € 4.0bn will not be necessary, Finance Minister Janez Sustersic said. This amount would be the upper limit of non-performing loans, he…
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