Slovenia could become the sixth country euro seeking financial aid
Baku, July 3 (AZERTAC). Slovenia will become the sixth country in the euro area will require external financing because of problems in the banking sector, many economists believe, quoted by Bloomberg.
Slovenia, which adopted the euro in 2007, assesses the “tax burden” generated by losses in the financial industry after Nova Ljubljanska Banka, the largest lender in the country needed a capital from the government.
Prime Minister Janez Jansa said last week that Slovenia “risk a Greek scenario”. Later, the EU summit in Brussels, the Slovenian leader said the government “do its best to find a solution” to avoid a situation that would require a request help.
“It is all Slovenia more likely to be the next small economy will require a bailout from the European Union, which would be focused on the banking sector, “comments a Bloomberg economist at BNP Paribas in Warsaw.
Cyprus became Last week the fifth State in the euro area of multilateral funding requested by the impact of the crisis in Greece on local banks. Greece, Ireland and Portugal have sought outside help with the growing interest on loans for 10 years above the 7%, while Spain has asked for a credit line of 100 billion euros to recapitalize banks in the country, hit hard by the collapse of the housing market.
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