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Slovenia Needs $6.62 Billion To Capitalize Ailing Banks

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Slovenia’s banks need 4.8 billion euros ($6.62 billion) to plug the holes in their balance sheets, the central bank said on Thursday, a sum the country can probably scrape together without having to ask its euro zone peers for a bailout.

Banks in Slovenia are saddled with an estimated 7.9 billion euros in bad loans — equivalent to a fifth of national output — after the global economic slowdown exposed their poor lending practices and tangled ownership structure.

At stake in Slovenia is whether the euro zone as a whole can say with confidence it is emerging from the convulsions of the past five years, or whether it still risks slipping back into the kind of crises that hit Greece, Ireland and Cyprus.

via CNBC

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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_forex

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