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Foreign minister reiterates Ljubljanska bank succession issue

Autor: half
LJUBLJANA, Nov 8 (Hina) - Slovenian Foreign Minister Karl Erjavec said on Wednesday the foreign currency deposits of former Ljubljanska Banka (LB) clients was an issue of succession to the former Yugoslavia and that he expected the Croatian government to withdraw the power of attorney it had given to two Croatian banks to sue LB in Croatian courts.

Speaking on Slovenian Television, Erjavec commented on his Croatian counterpart Vesna Pusic's statement that the two countries' experts for the LB issue had agreed on a compromise, saying he understood the statement as agreement that Croatia would withdraw said power of attorney.

"I expect the proceedings against (LB) in Croatian courts to be stopped now," he said, adding that this was a prerequisite for reaching a final solution at the Bank for International Settlements.

Erjavec said the issue of LB's former Croatian clients was worth about EUR 800 million, but that Croatia had paid part of those clients by recognising their savings as its public debt.

Regarding this week's judgement by the European Court of Human Rights establishing Slovenia's liability for unpaid LB foreign currency savings, Erjavec said it was unjust and that he was confident it would be repealed in appeal.

(Hina) ha

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