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PM rules out possibility of Slovenia applying for bail-out

Autor: mses
LJUBLJANA, June 29 (Hina) - Slovenian Prime Minister Janez Jansa on Friday ruled out the possibility of his country turning to the European financial stability funds for assistance which was needed by eurozone members Greece and Portugal.

"There is no reason for such speculations at this moment," Jansa said in Brussels, denying media reports that Ljubljana might apply for a bail-out from the European Union.

Jansa believes that this possibility was removed with the recent adoption of his cabinet's austerity measures.

The Slovenian budget deficit should be cut from 6.4% of GDP in 2011 to 3.5% in 2012 and to below three percent in 2013, whereby Slovenia will meet the financial stability requirements of the eurozone, which it joined in 2007.

(Hina) ms

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