Arab Today, arab today new slovenia central bank head rules out bailout
Last Updated : GMT 08:55:20
Arab Today, arab today
Arab Today, arab today

New Slovenia central bank head rules out bailout

Arab Today, arab today

Arab Today, arab today New Slovenia central bank head rules out bailout

Lubiana - AFP

Slovenia's new central bank governor Bostjan Jazbec said Tuesday the small but troubled eurozone country can steady its wobbly banking system without international help. "Measures that have been put in place by the previous government and that are being implemented by the new government ensure that there will be no need for (international) aid," Jazbec said shortly after parliament appointed him. The former International Monetary Fund senior advisor, 43, told journalists "we know that we have to fix the banking system, balance public spending and continue with reforms that will help restore economic growth and create new jobs." Slovenia, once a model newcomer to the European Union, is in recession and a mountain of bad debts at its banks have raised concerns the country may be the latest eurozone member after Cyprus to need help. Prime Minister Alenka Bratusek's new government, which took office only two weeks ago following the collapse of the previous administration, has vowed to press ahead with structural reforms and creating a "bad bank". Highlighting the problems, Standard and Poor's on Tuesday cut its rating on Slovenia's second-largest bank NKBM to 'Bpi' from 'BBpi', citing a continued sharp deterioration in asset quality. Earlier on Tuesday, NKBM's board gave the green light for a conversion of state bonds to shore up its capital base and meet European Banking Authority (EBA) requirements, a move that will raise the government's stake to 79 percent. In 2012, NKBM posted a loss of 205.5 million euros ($263.6 million), mainly due to write-downs of bad loans.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new slovenia central bank head rules out bailout Arab Today, arab today new slovenia central bank head rules out bailout

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new slovenia central bank head rules out bailout Arab Today, arab today new slovenia central bank head rules out bailout

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday