The government of Slovenia is due to unveil an economic action plan that it hopes will help it avoid an EU bailout.
The plan, which will be presented to the European Commission, is expected to include tax increases, banking sector reforms and privatisations.
Slovenia’s mostly state-owned banking sector is suffering from mounting bad debts and the government has struggled to borrow money.
The country’s economy has been in recession since 2011.
Analysts have cited Slovenia as the most likely country to seek help from the EU following the bailout of Cyprus earlier this year.
European officials have expressed concern over the stability of the country’s banking sector.
The government’s ability to borrow money was dealt a blow last week when Moody’s, a ratings agency, cut Slovenia’s bonds to “junk” status.
via BBC
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