Slovenia Liquidates Two Banks to Stave Off Cyprus Fate
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Slovenia liquidated two of its smaller banks, Probanka d.d. and Factor Banka d.d., in a move described by Central Bank Governor Bostjan Jazbec as a preemptive action to avoid the fate of Cyprus.
“This measures have been taken to stop a possible deposit withdrawal from other banks,” Jazbec told reporters in the capital Ljubljana yesterday. “The central bank and the government are trying to avoid the Cyprus scenario.”