Slovenia: Public Debt Grows Unstopped

Politics ♦ Published: December 30, 2013; 18:22 ♦ (Vindobona)

For Slovenia, the banking sector has infected the public sector for a long time. Now, Slovenia´s public debt begins to reach a dangerous level.

Slovenia: Public Debt Grows Unstopped / Picture: ©

At the end of September, Slovenia´s public debt has reached € 22bn. This corresponds to 62.6% of the country´s GDP, the Slovenian statistical office reported.

As a result, Slovenia´s financial crisis has begun to reach a new dimension. In 2008, Slovenia´s public debt ratio stood at 22.0% of GDP and rose rapidly in the consecutive years. The rise in public debt is mainly…