EU to Consider Bailout of Slovenia

Originally posted on EconoTwist's:

As pointed out in the previous post, it is almost impossible to predict which country that will be the victim of the economic crisis. But right now the alarm is sounding in Slovenia.  According to the German business daily Handelsblatt the Eurogroup is due to discuss the country at its next meeting on Friday to determine whether Slovenia may need outside aid save its banking system.

“The country is at risk of a prolonged downturn and constrained access to financial markets.”

OECD

Slovenian bank

Slovenian Finance Minister Uros Cufer is expected to report to his euro-zone counterparts on the country’s financial situation, which has been deteriorating over the past several months, SPIEGELOnline, reports.

EI-CA029_SLOVEN_NS_20130402123904The country is in recession, and is still struggling to bring its budget deficit in line with the EU mandated maximum of 3 percent of gross domestic product.

Slovenia was the first former Yugoslav republic to join NATO and the…

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