Another Europe News
Slovenian PM says things are tough, but no bailout – economy
http://www.euronews.com/ Slovenia’s prime minister has said her country will not need an international bailout to avoid going bankrupt.
Alenka Bratusek made the statement during a visit to Brussels, after a damning report from the Organisation for Economic Cooperation and Development on the country’s economy and particularly its banks.
Bratusek said it will not be easy but her government is moving ahead with a cleanup of the mostly state-owned banks: “We are aware that the banking system and its challenges are the number one problem in Slovenia. My assessment is that we can deal with most of these toxic bank loans by moving them to a so-called bad bank which we will be doing in June.”
Slovenia, which was the first country to break away from the former Yugoslavia in the 1990s, is the only ex-communist European Union state that had declined to privatise most of its banking sector.
With so many loans on their books, which are not going to be paid back, the country’s banks are loath to make new loans, which is pushing the economy deeper into recession.
However Brussels dismissed the idea that Slovenia was the new Cyprus.
European Commission President Jose Manuel Barroso said: “Slovenia is indeed the country – of all the member states of the European Union – where the relative dimension of the financial sector is smaller compared to the overall GDP, so it’s at least abusive to make a comparison on that ground with Cyprus.”
The scale of Slovenia’s problem is much smaller, but it faces a difficult time raising cash to recapitalise the banks.
Adding to the pressure Slovenia’s borrowing costs continue to rise ..
with investors reluctant to buy government bonds particularly after the OECD report.
And Prime Minister Bratusek admitted it is too optimistic to expect the country to reach a balanced budget by 2015.
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Following talks in the Venezuelan parliament, Caracas and the EU have agreed on a new cooperation agenda. The shift aligns with a broader economic pivot, as the nation resumes ties with the IMF and the World Bank.
READ MORE : http://www.euronews.com/2026/04/17/venezuela-and-eu-set-out-roadmap-for-renewed-ties-amid-political-thaw
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US Vice President Vance attacks Brussels and vows to help Orbán ahead of Hungarian vote
Vance accused the European Union of electoral interference in Hungary’s election campaign during a visit to Budapest. Speaking alongside Orbán, Vance described the Hungarian leader as a “role model” for Europe.
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Watch Europe Today as we bring you the latest developments and reactions to day four of the Iran war. Live from 8 am Brussels time.
READ MORE : http://www.euronews.com/2026/03/03/europe-today-iran-war-intensifies-as-trump-signals-prolonged-fight
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