President of the Eurogroup to visit Ljubljana on 21 October

President of the Eurogroup to visit Ljubljana on 21 October

 

Review by Christos T. Panagopoulos –

The Eurogroup president, Dutch Finance Minister Jeroen Dijsselbloem, will visit Slovenia on 21 October, when the results of the asset-quality review at Slovenia’s largest bank NLB are expected to be in, sources close to the EU have announced.

Dijsselbloem was originally scheduled to come at the end of September, but was held back by budget negotiations in the Netherlands.

The Finance Ministry said in September that Dijsselbloem was expected to come to Slovenia as part of his tour of the eurozone to learn of the situation in each country, as he announced when assuming office.

He was scheduled to meet Finance Minister Uroš Čufer, Banka Slovenije Governor Boštjan Jazbec, PM Alenka Bratušek and President Borut Pahor to discuss Slovenia’s macroeconomic situation.

Dijsselbloem told Slovenia in mid-September when Finance Minister Uroš Čufer presented the situation at a Eurogroup meeting that getting the banking sector in shape should be an absolute priority, urging it to speed up its measures for the sector.

The visit comes amid speculation about whether Slovenia will need a bailout after the size of the hole in its banking sector will be established in ongoing asset-quality reviews and stress tests.

Source: Slovenia Times