Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future, the euro zone country’s incoming central bank governor said on Monday.
Slovenian banks, mostly state-owned, are nursing some 7 billion euros ($9 billion) of bad loans, fuelling concern that the former Yugoslav republic of 2 million could become the euro zone’s next bailout recipient.
“Slovenia is still far from asking for international help,” Bostjan Jazbec told Reuters in an interview two days before taking up his post.
via Reuters
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019