The Slovenia Times

German FinMin: Slovenia Can Make It Without Bailout


Eurozone finance ministers are meeting in Brussels today to debate macroeconomic woes of the EU, including Slovenia's macroeconomic imbalances. Slovenian Finance Minister Uroš Čufer is expected to present Slovenia's financial and economic programme, while a debate on financial aid to Slovenia is not on the agenda, according to EU sources.

Adopted and forwarded to Brussels last week, the government's National Reforms Programme sets out measures to reinvigorate the ailing economy, while the Stability Programme plans to cut expenditure by some EUR 716.5m and raise extra revenues to the tune of some EUR 650m. The government also said it would privatise 15 companies, including bank NKBM and telecoms incumbent Telekom Slovenije.

Brussels has confirmed the receipt of the documents and said it would respond in detail on 29 May.


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