New Slovenia Central Banker Denies Bailout Needed

Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future, the euro zone country’s incoming central bank governor said on Monday.

Slovenian banks, mostly state-owned, are nursing some 7 billion euros ($9 billion) of bad loans, fuelling concern that the former Yugoslav republic of 2 million could become the euro zone’s next bailout recipient.

“Slovenia is still far from asking for international help,” Bostjan Jazbec told Reuters in an interview two days before taking up his post.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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