The Slovenia Times

Opposition: Govt Should Provide Clear Figures about Borrowing

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Janša spoke to the press in Ljubljana on Saturday after the council of his Democrats (SDS) debated the recent resolution of their peer European People's Party (EPP) which expressed concern over the political and economic situation in the country.

Commenting on yesterday's issuing of a three-year eurobond worth 1.5bn, Janša said Slovenian taxpayers would have to pay almost EUR 220 million in interests in the next three years.

While the loan was taken out at a 4.7% interest rate, Spain and Croatia borrow at 1.7% and 4.05%, respectively, stressed Janša, who has urged the government on several occasions to resort to EU aid instead of borrowing on international markets.

He pointed out Slovenia could get money from the European Central Bank (ECB) at a 0.25% interest rate, which is why the SDS considers borrowing at such high interest rates "scandalous".

Janša has therefore sent President Borut Pahor an initiative suggesting that presidents of parliamentary parties, who are to meet in the coming weeks under the auspices of Pahor, debate the costs at which Slovenia would borrow in the future.

He has also proposed that Pahor ask the government to provide calculations of both scenarios to see what consequences each one would have.

The SDS council also adopted a set of guidelines to implement the EPP resolution, but Janša refused to reveal any as yet.

He said the council debated "the heated reactions" to the resolution in Slovenia, which are in itself indicative of the situation in the country.

He said he would like to thank the president of the Supreme Court, state prosecutor general and justice ministers for their reactions, which only prove that the SDS is right about the situation in the judiciary.

The officials labelled the resolution earlier this week a political document which interferes with the independent judiciary.

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