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Slovenian Party Leaves Governing Coalition as Jansa Faces Vote

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Feb. 25 (Bloomberg) -- Slovenia’s People’s Party left the governing coalition, further weakening Prime Minister Janez Jansa before a no-confidence vote against his administration scheduled for this week.

With the party’s departure, Economic Development Minister Radovan Zerjav and Agriculture Minister Franc Bogovic have resigned from the Cabinet, Zerjav told a news conference in Ljubljana today, according to a clip on the party’s website. That leaves Jansa with the support of 30 deputies in the 90-member legislature. Stocks and bonds fell.

The People’s Party is the third former member of the coalition to leave after corruption allegations against the premier. Slovenia’s leaders are scrambling to avert early elections as the nation tries to fend off a bailout and emerge from recession with Jansa also acting as finance minister.

The largest opposition party, Positive Slovenia, on Feb. 22 filed a motion to oust Jansa and choose Alenka Bratusek to lead a new government. Parliament’s Commission for Public Office and Elections will meet for an extraordinary session at 9 a.m. in Ljubljana on Feb. 27, according to the assembly’s website.

The benchmark SBITOP stock index fell 1.6 percent to 602.46 as of 4:37 p.m. in Ljubljana, the second-most in the world after the Cyprus gauge, to its lowest since Dec. 11. Yields on Slovenia’s dollar-denominated bonds maturing in 2022 rose six basis points, or 0.06 percentage point, to 5.238 percent at 4:41 p.m. in Ljubljana, the highest since Dec. 18.

To contact the reporters on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net;

Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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