East Capitals' chief economist believes that talk of Slovenia's bailout are premature

Some analysts are predicting that Slovenia will be the next country forced to seek rescue funds from the EU, but East Capitals chief economist, Marcus Svedberg, believes that it doesnt have to be that drastic. In the midst of a difficult recession, with high unemployment,...

Select Your Countries:
Albania
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
FYROM
Greece
Montenegro
Romania
Serbia
Slovenia
Turkey
   

    
Select SIX industries you would like to appear:
Aerospace & Defense Agribusiness & Forestry Auto Industry
Capital markets Chemicals Construction & Materials
Economy & Statistics Environment Energy & Utilities
Financial Services Food and Beverage Franchising
Gaming Infrastructure Machinery & Appliances
Marketing & Advertising European Union Metals & Mining
Paper & Packaging Pharmaceuticals Real Estate
Retail Shipping Science
Telecoms, IT, Electronics, Media & Internet Textile & Clothing Tobacco
Tourism Transportation Wood and Furniture
Other        
Note: You can always change your choice later by unchecking the appropriate box or uncustomize all..        

Getting started

The first thing you need to do is choose a news reader, if you already don't have one. This is a piece of software that checks feeds you have requested and lets you read any new articles that have been added. There are various types of news reader. You should choose one that will work with your computer’s operating system.



When you have chosen a news reader, you can decide what content you want to keep up to date with. Please choose from below:

Albania Bosnia and Herzegovina Bulgaria Croatia
Cyprus FYROM Greece Montenegro
Romania Serbia Slovenia Turkey
INTERVIEWS BY BALKANS.COM      

Problems ?

Alternatively, you can paste one of the BBN RSS URLs into a new feed in your news reader.


http://www.balkans.com/rss/english/albania.rss
http://www.balkans.com/rss/english/bulgaria.rss
http://www.balkans.com/rss/english/cyprus.rss
http://www.balkans.com/rss/english/greece.rss
http://www.balkans.com/rss/english/romania.rss
http://www.balkans.com/rss/english/slovenia.rss
http://www.balkans.com/rss/english/bosnia.rss
http://www.balkans.com/rss/english/croatia.rss
http://www.balkans.com/rss/english/macedonia.rss
http://www.balkans.com/rss/english/montenegro.rss
http://www.balkans.com/rss/english/serbia.rss
http://www.balkans.com/rss/english/turkey.rss

Find more about RSS FEEDS !
Name:  Surname: 
Country:  Company name:
Email (Username): (If you would like to change your email address please notify us at news@balkans.com.)
Password:  Confirm password: 
Visak koda  
   
     

MY ALERTS

MAKE NEW ALERT

 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

East Capitals' chief economist believes that talk of Slovenia's bailout are premature



bne - 12.11.2012

Some analysts are predicting that Slovenia will be the next country forced to seek rescue funds from the EU, but East Capitals chief economist, Marcus Svedberg, believes that it doesnt have to be that drastic. 
In the midst of a difficult recession, with high unemployment, budget deficits, high debts, high bond yields, and banks with a high proportion of bad loans, Slovenias problems resemble Spains. However, there are some crucial differences between the two.
"Slovenia is a relatively young market that is used to rapid reforms, Svedberg said. Slovenia is also the richest of the Eastern European economies. The primary error it made is that in recent years it waited too long to make necessary reforms. Now, it is likely to implement them.
What reforms are needed? "What we are mainly talking about is a major privatisation program, where a number of large state-owned enterprises will be offered for sale. It is also about reforming the labour market and pension system. Reforms that have been discussed for years look like they will actually be implemented.
The Slovenian stock market has not been slow to react. Since the end of August it has gone up around 20 percent, making it one of the strongest markets in the world.
Despite that, there are still many observers who believe that Slovenia may seek direct assistance from the EU rescue fund.
"I am confident that Slovenia will not have to seek support from the EU's rescue fund, but the country may need help to recapitalise their banks," Svedberg said.
It may sound extreme measure, but a recapitalisation of Slovenian banks would actually not be a large task for EMU.
"For the Euro Zone as a whole, its not a significant amount. The Slovenian GDP, for example, equals half of the amount that will be used to support the Spanish banking system, Svedberg explained.
The real test for Slovenia will come later in the autumn, when the country needs to borrow money in the bond markets.
Source: bne


LATEST NEWS ON BALKANS.COM

Related News in English

Povezane vesti na srpskom

Συναφείς Ειδήσεις στα Ελληνικά

Email