My quotes in new Financial Times piece on Slovenia:
Cleaning up the bank sector, and quickly, is crucial to kick-starting the economy, says Luka Orešković, head of research at Provectus Capital, a Zagreb-based corporate advisory.
“Slovenia is an industrial country with strong exporting companies that were driving growth. These companies have to start borrowing again, and that needs a sound banking sector, so the state bank bad debt holdings have to be resolved,” he told beyondbrics.
But the timetable, given the task, appears very tight.
[…]
“This is not the first transfer to state banks: the previous [examples] only resulted in a growing percentage of bad debt rather than a reversal of trends. It is of course ideal to privatise them, but amid the uncertainty, this might prove hard,” Orešković says.
Read more here.
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