Popular Posts
- RUSSIA : Putin's Police Make Preemptive Strike On Leading Protest Opponents.
- BOLIVIA: Morales Continues Verbal Assault On USA's "Meddling"; USAID Expulsion Threatened.
- CZECH REPUBLIC: Poll Shows Czechs Finicky About Tolerance.
- URUGUAY: Prez. Mujica Popularity At Record High After 100 Days.
- ARGENTINA : Ex-President De La Rua Tried For Corruption.
- BRASIL: CBank Lowers SELIC 8th Time...To Historic 8%.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- UKRAINE / EU : Kyiv Cancels Yalta Summit...After 13 Leaders Bail; Yulia Ends Hunger Strike, Accepts Medical Treatment.
- SLOVENIA : 100,000 Public Workers Strike Over Wage Cuts; PM Jansa Under Pressure.
- USA / PANAMA / MIDEAST : Oil Tanker Hits Destroyer In Straits Of Hormuz...Leaving Huge Gash.
05 April 2013
SLOVENIA / ECB / IMF : Is It Bank Bailout-Out Time In Ljubljana?
Since converting to capitalism...the politicians in Ljubljana have steadfastly refused to privatize their state owned banks.
They allowed a spending spree...often to associates and friends.
Now...the state banks need new capital after many loans went sour...but the state has no money.
In 2012...14.4% of all bank loans were non-performing...and banks hold more than 7 billion euros in non-performing loans.
The nation's sovereign borrowing costs are now above 6%...nearing the dangerous 7% level.
So...taxpayers are on the hook...and they are angry about corruption and continued austerity.
Is a bank bailout by the dreaded Troika imminent for Ljubljana?
http://www.reuters.com/article/2013/04/05/us-slovenia-bailout-insight-idUSBRE9340I520130405
