Rehn: Situation in Slovenia Manageable But Action Necessary
The government must finish the initiated reforms and define concrete measures in the budget and reform plans, Rehn said.
He reiterated the main observations of the European Commission, presented two weeks ago, warning the country of the high risks in the financial sector, stemming from companies' high indebtedness and the negative consequences of their deleveraging.
According to the Commission's report, the risks associated with high-indebtedness of companies are compounded by the strong intertwining of the financial sector with public finances and a business structure with prevalent state ownership.
Slovenian PM Alenka BratuĊĦek has announced that Slovenia will submit to the European Commission its collected measures in the National Reform Programme for 2013-2014 and the Stability Programme by 9 May.