Slovenia Hoping for Soon Recovery

Politics ♦ Published: May 21, 2013; 11:20 ♦ (Vindobona)

Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.

Slovenia Hoping for Soon Recovery / Picture: ©

Finance Minister Uros Cufer announced a respective program starting in September. The country plans for further earnings so an EU bail-out package can be avoided. According to Cufer it will take two or three quarters until the program can be realized. The Slovenian Finance Minister did not disclose which companies will be privatized first.

Recently, the government named 15…