Slovenia’s main political parties agreed that referendum results should only be recognized if more than 35 percent of voters turned out, Finance reported, citing Prime Minister Janez Jansa.

Previously no turnout figure was set. Slovenian voters last year rejected pension changes in a referendum that marked the start of an increase in benchmark bond yields and credit rating cuts.

Police trade unions are demanding a people’s vote on austerity measures passed by lawmakers that aim to cut public spending by about 800 million euros ($1 billion).

Before it's here, it's on the Bloomberg Terminal. LEARN MORE