Friday, April 12, 2013

NewsDaily: Slovenia eyes bank sell-off, budget revision to avoid bailout

NewsDaily: Slovenia eyes bank sell-off, budget revision to avoid bailout

"The country of 2 million people needs to raise about 3 billion euros ($3.9 billion) this year to recapitalize its biggest state-owned banks, repay maturing debt and cover its budget deficit.
Trying to calm markets, Slovenia's Finance Ministry said on Thursday it planned the early rollover of debt maturing in June with an auction of around 500 million euros ($656 million) worth of 18-month treasury bills on April 17."
"I hope and wish that the T-bill auction will be successful," Bratusek said.

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