The Slovenia Times

Dolenc taking over as interim C-bank governor


A call for governor was already issued by President Borut Pahor last week and a new central bank boss will expectedly be appointed in autumn.

Dolenc will also take part in the sessions of the European Central Bank governing council. It is however unclear whether he will also have the right to vote, he recently told the newspaper Delo.

The voting rights in the governing council are normally reserved only for the governors. However, deputies can also be granted the right on a case-by-case basis.

Jazbec served as Slovenia's fourth central bank governor after France Arhar, Mitja Gaspari and Marko Kranjc. He was the first to leave the job prematurely.

His time at the helm of Banka Slovenije was marked with a EUR 3.4bn bank bailout ordered by the EU in late 2013 following the economic and financial crisis. The bailout is now being investigated by the police.

Apart from bailout criticism in the media, Jazbec's leaving has also been attributed to divisions in the bank's board of directors, which had been overhauled since he took office in mid-2013. Reportedly the disagreements were so profound that they hindered the functioning of the bank.


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