The macroeconomic imbalances procedure (MIP) is a relatively new mechanism - introduced in December 2011 - and has never been used so far.

Slovenia and Spain were the first two countries where the European Commission found excessive imbalances. The European Commission will announce on Wednesday whether procedures will be launched against either of the countries.

It will present its evaluations of EU members' reform and budget plans and recommend further measures.

Slovenia expects to hear the repeating warnings regarding the need to clean the banks' balance sheets, privatisation, the deleveraging of companies and improving its competitive edge, as well as calls to reform the pension system and labour market.

No official statements could be acquired from sources in Brussels about the Commission's evaluation for Slovenia. However, unofficially, they doubt that EUR 900m will be enough to recapitalise the troubled Slovenian banks, as planned by the government.

Apart from the question whether what MIP will be launched against Slovenia, the country also awaits the decision on whether the European Commission will extend the deadline to bring its excessive deficit under control.

Sources in Brussels say that Slovenia may count on getting the deadline extended, as has already been the case with Greece, Portugal and Spain.