Slovenia’s central bank says no immediate need for international bailout

The Associated Press 0

LJUBLJANA, Slovenia – Slovenia says it has enough funds to shore up its indebted banks without having to resort to an international bailout.

The country’s central bank said Wednesday “the government has enough means to carry out the recapitalization” of the banks “extremely swiftly.”

It says it came to the conclusion after reviewing the EU-supervised “stress tests” conducted for 10 mostly state-run banks.

The results of those health tests, designed to see if one of the smallest countries to use the euro currency would need outside financial assistance, will be made public later this week.

Slovenia needs up to 5 billion euros ($6.8 billion) to heal its banks which are nursing some 8 billion euros in bad loans.

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