Slovenia Likely To Require Bailout

People ♦ Published: June 28, 2013; 11:03 ♦ (Vindobona)

According to Capital Economics Ltd. Slovenia will in all likelyhood ask for a bailout to bolster its ailing banking sector in case the debt crisis in Europe should worsen.

Slovenia Likely To Require Bailout / Picture: ©

Even though the Slovenian government can still avoid having to ask for international help “the road ahead is long and precarious,” according to London-based economist James Howat.

Yields on benchmark bonds have been “creeping up”. Moreover, if the financial crisis in Europe worsens a bailout may become unavoidable despite of the government’s endeavors.