Slovenia’s biggest opposition party leads Prime Minister Borut Pahor’s Social Democrats less than a month before early elections being held as the country struggles with high borrowing costs, a survey showed.
The Slovenian Democratic Party, led by former Premier Janez Jansa, would get 25 percent support, followed by the Citizens list of Gregor Virant, with 19 percent, according to a poll by Mediana and published by the public broadcaster TV Slovenija yesterday.
Zoran Jankovic, the Ljubljana mayor who decided to join the race on Oct. 11, was third with 14 percent and Pahor’s Social Democrats would be fifth with 6 percent. The survey was carried out Nov. 7-10 among 609 people. No margin of error was given.
Slovenia will hold early elections on Dec. 4 after Pahor’s administration was toppled in a no-confidence vote in September following disagreements between coalition partners on pension changes. The country, which switched to the euro in 2007, has seen borrowing costs rise to records after the former Yugoslav nation failed to adopt pension changes and cut spending.
The yield on the government 10-year notes reached a record 7.77 percent on Nov. 11 as the country’s “reform momentum stopped,” Gyula Toth, the chief strategist for central and eastern Europe, Middle East and Africa at UniCredit SpA in Vienna, wrote in a note to clients today.
The export-dependent economy may slide into a recession, outgoing Finance Minister Franc Krizanic has said as demand in Europe weakens following austerity measures by governments that seek to allay investors’ concerns over debt sustainability.
During debate over changes to the euro-region’s bailout mechanism last month, Jansa said countries such as Slovenia shouldn’t have to fund nations like Greece.
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