Economics
Slovenia Votes In Cabinet as It Seeks to Avert Cyprus’s Fate
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Slovenian lawmakers approved a new government that pledged to implement a plan to fix the ailing banking industry to avoid requesting an international bailout like Cyprus.
Prime Minister Alenka Bratusek’s coalition holds 47 seats in the 90-member Parliament, which voted 52-35 today in Ljubljana to confirm the new Cabinet, according to a live report by public broadcaster TV Slovenija. Bratusek said her Cabinet will work to shore up the financial system by extending a 4 billion-euro ($5.2 billion) bank recapitalization plan devised by the previous administration of Janez Jansa.