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| Version 0 | Version 1 |
|---|---|
| Slovenia sell-off planned in attempt to avoid bailout | Slovenia sell-off planned in attempt to avoid bailout |
| (3 days later) | |
| Slovenia is looking to sell its largest telecommunications operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout. | Slovenia is looking to sell its largest telecommunications operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout. |
| The country is racing to convince investors it has a credible strategy for raising the funds it needs to stay solvent, and is due to adopt an economic reform programme on Thursday before presenting it to the European Commission. | The country is racing to convince investors it has a credible strategy for raising the funds it needs to stay solvent, and is due to adopt an economic reform programme on Thursday before presenting it to the European Commission. |
| But the leading government party said parliamentarians were not likely to adopt a rule to cap budget spending on Tuesday, as promised, because parties had been unable to agree when the rule should take effect – indicating they might have trouble agreeing other reforms as well. | But the leading government party said parliamentarians were not likely to adopt a rule to cap budget spending on Tuesday, as promised, because parties had been unable to agree when the rule should take effect – indicating they might have trouble agreeing other reforms as well. |
| The Bank of Slovenia urged the government on Monday to speed up privatisations in sectors where "the market is more effective than state ownership", but gave no details. | The Bank of Slovenia urged the government on Monday to speed up privatisations in sectors where "the market is more effective than state ownership", but gave no details. |
| Slovenian banks, mostly state-owned, are nursing €7bn (£5.8bn) of bad loans, which would probably have to be separated off into a standalone entity, a so-called bad bank, before the sector can be privatised. | Slovenian banks, mostly state-owned, are nursing €7bn (£5.8bn) of bad loans, which would probably have to be separated off into a standalone entity, a so-called bad bank, before the sector can be privatised. |
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