Borut Pahor News
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Slovenia eased concern that it will be the next euro-area state to need a bailout as investors scooped up twice the targeted amount in a debt sale yesterday. The country’s bonds surged and its default risk tumbled.
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Slovenia sold more than double the amount planned at a Treasury-bill sale, easing pressure on its financing needs as the first post-communist nation to adopt the euro looks to avoid an international bailout.
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Slovenia’s six-day-old government is being urged to prevent the nation becoming the euro region’s next bailout battleground.
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German Chancellor Angela Merkel will discuss Europe’s sovereign debt crisis with Slovenia’s Prime Minister Borut Pahor during a visit to the euro nation later this month, Slovenia’s government said.
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Bostjan Jazbec, an International Monetary Fund expert who helped set up Kosovo’s central bank, bid to replace Slovenian central bank Governor Marko Kranjec and sit on the European Central Bank’s governing council.
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Slovenian President Borut Pahor agreed to continue talks to break a political deadlock that threatens to spark early elections as the euro member tries to avoid a bailout.
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Slovenia’s failure to persuade voters to back a pension overhaul may put the former Yugoslav republic on the same path of fiscal instability as Ireland or Portugal, Prime Minister Borut Pahor said.
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Slovenia passed the budget review for this year as the euro-region country cuts spending after the rejection of a pension-system overhaul.
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Slovenia is targeting a budget deficit equaling 4.7 percent of gross domestic for this year, Prime Minister Borut Pahor told lawmakers in Ljubljana today, according to a live brodcast by TV Slovenija.
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Slovenia’s government lost a confidence vote, plunging the first former communist euro-region member into turmoil that may delay the approval of the European Union’s rescue fund amid a sovereign-debt crisis.
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