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Next Eurozone country to require a bailout?

SloveniaPosted by Chambers of Commerce Sweden - Southeast Europe Sat, April 20, 2013 21:11:16

Slovenia must immediately take action to restructure and privatise its banks and shore up public finances if it wants to avoid becoming the next Eurozone country to require a bailout, EU Economic and Monetary Affairs Commissioner Olli Rehn said in a Reuters interview.

Slovenia is back in recession, with a banking system that is coming part under the burden of bad loans worth about EUR7bn, or 20% of GDP, mostly at state-controlled banks. There's been a political crisis too as politicians squabble over the reforms necessary to put the country's finances in order. More here.

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