Slovenia in a Vicious Circle

Politics ♦ Published: August 31, 2012; 22:51 ♦ (Vindobona)

Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.

Slovenia in a Vicious Circle / Picture: ©

Slovenia needs help from the EU, economists say. “In October, a national bankruptcy may come if we cannot sell sovereign bonds.” Prime Minister Jansa said. At the moment, taking up loans is almost impossible, he says.

Experts think that Slovenia will not manage the crisis on its own. According to the Slovenian economist Joze Damijan, Slovenia will have to ask for bank aids…