Friday, June 29, 2012

Euro Bailout - Slovenia

If you need proof that the contagion is spreading, look no further than Cyprus and Slovenia. 

Slovenia is going to ask for a bailout.  How do we know this?  Easy...  They're saying in the news right now that they won't need a bailout.   Every country that's needed one has said the same thing.  





Slovenia is not planning to ask for bailout-finmin


LJUBLJANA, June 28 | Thu Jun 28, 2012 6:11pm IST

LJUBLJANA, June 28 (Reuters) - Euro member Slovenia has no plans to ask for an international bailout for its troubled banks but can't entirely rule out such a move in the future, Finance Minister Janez Sustersic said on Thursday.

Cyprus became the fifth euro zone country on Wednesday to seek a bailout. Like Spain, it was forced to seek help because its banks need recapitalising.

http://in.reuters.com/article/2012/06/28/slovenia-bailout-idINL6E8HS8KG20120628

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