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PM says Slovenia needs no EU bailout

Autor: half
LJUBLJANA, Jan 15 (Hina) - Slovenian President Borut Pahor has told London's Financial Times that his country will not ask for a European Union bailout but conceded that the incumbent government finds it hard to carry out austerity measures for the financial consolidation of the state because the public is not ready for new sacrifices.

Slovenia has no need for a bailout from Brussels, as the government has sufficient resources to avoid such a request, Pahor told the daily, Slovenian media reported on Tuesday.

Describing the economic and political situation in the country, the Financial Times says Slovenia was proud of its achievements and the first among the post-communist countries to adopt the euro but that now it is rocked by public protests and a political crisis because of corrupt politicians, and that because of the economic crisis and a poor situation in banks, it has become the weak link of the eurozone.

(Hina) ha

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