An external audit of Slovenia’s ailing banks show they need 4.8 billion euros to plug the holes in…
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An external audit of Slovenia’s ailing banks show they need 4.8 billion euros to plug the holes in their balance sheets.
The central bank said the country can probably come up with that much and so will not have to ask for a eurozone bailout, which will come as a relief to the European Union.
After bailing out five eurozone countries over five years of financial turmoil, another aid package, regardless of how small, would have sown doubt about the bloc’s insistence it can put the debt crisis behind it.
Banks in Slovenia are stuck with an estimated 7.9 billion
euros in bad loans after the global economic crisis crippled exporters.
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