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Image header Agence Europe
Europe Daily Bulletin No. 10937
Contents Publication in full By article 15 / 32
ECONOMY - FINANCE - BUSINESS / (ae) slovenia

ESM might be cheapest way to bail out Slovenia's banks

Brussels, 07/10/2013 (Agence Europe) - On Monday 7 October, a member of the Slovenian government told reporters that European Stability Mechanism aid could be the cheapest way to overhaul local banks, three of which are nursing an estimated 7.9 billion euros ($10.7 billion) of bad loans.

Slovenian minister of the interior, Gregor Virant, said it would be sensible for the country to seek aid from the ESM bailout fund if its banking system needs more new capital than estimated, a news agency...

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