Slovenia in Financial Distress

Politics ♦ Published: July 21, 2012; 15:56 ♦ (Vindobona)

In order to prevent becoming a bail-out candidate, the Slovenian government aims to resolve a „debt brake“. It turns out that this goal is highly uncertain.

Slovenia in Financial Distress / Picture: ©

The Slovenian governing parties want to install a „debt brake“ in the country´s constitution. Initially, the debt brake should have been resolved this week. Now, the decision will be postponed by September. Prime Minister Janez Jansa knows that a political crisis may emerge. Anyway, the debt brake would not have been ratificafied as the required two-third majority was not…