10 May 2013

SLOVENIA : Large State Sell-Off Hopes To Stave-Off Bailout.

     New PM Alenka Bratusek revealed a proposal to sell off 15 state enterprises... including a bank, an airline and a telecom...as well as raising the VAT by 2%...to avoid asking for a EU bailout.
    But last week's successful 3.5 billion euro/$4.6 bond sale relieved some fiscal pressures... even after Moody's had cut its bonds to 'junk' status.
    The EC will now consider the proposal.
    Slovenia has been stuck in recession since 2011.