Next Euro crisis .... Slovenia?

O

Ouch

Active Member
(Reuters) - Slovenian Infrastructure Minister Igor Maher resigned on Monday only five days after taking office in the new cabinet, adding to the problems of a new government striving to avoid a banking collapse to mirror that in Cyprus.

The small eastern European country has been fighting for months to avoid becoming the latest euro zone member to seek a formal international bailout. Bad loans issued by its banks total 7 billion euros ($9.10 billion) or a fifth of national economic output and the cost of ensuring its government debt has risen by a quarter in the past week.
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Source: http://www.reuters.com/article/2013/03/25/us-slovenia-minister-idUSBRE92O0HY20130325
 
pffft Reuters obviously read my posts on here lol

Solvenia, like Cyprus also holds a fair bit of offshore money. Not to the extent of Cyprus or anything, but any captial flight out of eurozone banks due to the handling of Cyprus should be enough to push if over the edge. Their banks have already received a government bailout and their economy is one of the quickest shrinking if not the quickest in the eurozone atm.
 
Following Dijsselblom's slip of Cyprus deal being a TEMPLATE for all future bailouts and given possibility that Russians had already pulled their cash out of Laiki and BOC via UK and Russian branches
there is a possibility of a run in two separate states at the same time (Cyprus and Slovenia). While both small, the impact of depositors fleeing with their cash, could exacerbate things?
 
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