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Image header Agence Europe
Europe Daily Bulletin No. 10953
ECONOMY - FINANCE - BUSINESS / (ae) slovenia

IMF says bank recapitalisation is key

Brussels, 29/10/2013 (Agence Europe) - The immediate priority in Slovenia is to clean up and recapitalise the banks, said the International Monetary Fund (IMF) after a fact-finding mission in Ljubljana on Monday 28 October.

The Slovenian economy is mired in recession because of problems facing business, non-performing loans piling up at the banks, low domestic demand and the necessary budget consolidation. The IMF says that cleaning up the banks and recapitalising them is an immediate...

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