The Slovenia Times

Our Plans Will Not Fail, FinMin Tells Reporters in Brussels



"On Monday I presented the government's main policy - the Stability Programme and the National Reform Programme. The European Commission said it was examining the programme and will give feedback on 29 May," Čufer said.

He rejected reports by British news agency Reuters that the planned measures were insufficient, saying they were "misinformation".

Čufer stressed that the measures were not a "one-off thing" and that further steps will definitely be required. Should additional measures be required, these will be found "on the expenditure-side of the deficit reduction".

At the end of May, the Commission will evaluate efforts of all member states and decide whether to relax deficit reduction deadlines for individual member states. It will also decide whether to launch procedures against Slovenia and Spain over their excessive macroeconomic imbalances.

Asked what answer he expected from the Commission with regards to both procedures, Čufer was concise: "There is a lot of time until 29 May, which means there will be plenty of time for talks."

Equally brief was his answer to the question of foreign journalists whether Slovenia would ask for a bailout should its plans fail: "The plans will not fail. Definitely not."


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