Monday, August 6, 2012

Next on Tap...Slovenia

Slovenia needs a full bail out....  



Fron Der  Spiegel;

Ratings Downgrade Slovenia Becomes Europe's Latest Worry

..........Economists inside Slovenia are also no longer banking on their country's ability to master its financial problems on its own. Respected Slovenian economist Joze Damijan recently said that the only remaining options were either applying for a full bailout from the European Union's euro rescue fund, or taking the Spanish approach, seeking aid money for banks alone. .....


.....Furthermore, Slovenia is heavily dependent on exports, with some 72 percent of the country's exported goods going to other EU countries -- mainly Germany, Italy, Austria and France. Slovenia's most important products are its cars, automobile parts, chemical and pharmaceutical products, electronics, lumber and furniture. ......

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