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Business and Economy / Politics
27.03.2013 11:29
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PM Reiterates Slovenia Does Not Need Aid

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Prime Minister Alenka Bratušek rejects comparisons with Cyprus, telling MPs that Slovenia can sort out its problems without international aid.
File photo.

Ljubljana, 27 March (STA) - Prime Minister Alenka Bratušek stressed Wednesday Slovenia will not need international aid. "Slovenia is capable of sorting things out itself," she told parliament in a Q&A session in the aftermath of speculation that Slovenia may be next in line after Cyprus to require a bailout.

Comparisons with Cyprus are "unnecessary and inappropriate" and bank deposits are safe. "There is no need to panic," she stressed.

Bratušek announced that her government would continue with the good measures started by the previous government, including the bad bank, the Slovenia Sovereign Holding and fiscal consolidation.

Bank restructuring is the no. 1 priority, on which Finance Minister Uroš Čufer, who has very good knowledge of the banking sector's problems, is "working day and night".

"We will continue restructuring and stabilising the banking system in accordance with the law [on the bad bank], which will be tweaked as recommended by experts," she said.

It will also enhance the measures that had been neglected by kick-starting the economy and strive to create new jobs.

Turning to the bailout speculations, Bratušek said "our words have certain weight" and affect financial markets.

"This applies in particular to the words of people who had good insight into fiscal policy and helped shape it," she said, in what may be understood as a reference to former Finance Minister Janez Šušteršič.

27.03.2013 11:29

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