“The government of Slovenia, insists Alenka Bratusek, the prime minister of eight months, can set its country’s finances to rights without having to seek a bail-out from the euro zone and the IMF. Whether she is right will soon be revealed. In early December an independent audit and stress tests of the country’s troubled banks will disclose just how short of capital they are. Between the middle of 2012 and of 2013, the ratio of non-performing to total loans rose from 13.2% to 17.4%, which is the highest level in the euro zone after Greece and Ireland. The bad debts have been incurred predominantly through lending to businesses. ”
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