Slovenian Bailout Looms as Political Risk Persists, Nomura Says
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Slovenia’s new government may be forced to ask for international aid to prop up its banks because of increased political risk, economists at Nomura International Plc said.
Prime Minister Alenka Bratusek’s Cabinet, approved by Parliament yesterday, has signaled “a push onto pro-growth policies and against austerity,” which will slow fiscal consolidation, boost debt and possibly prompt a credit-rating cut, economists Peter Attard Montalto and James Burton in London wrote in a note to clients today.