Slovenia’s PM says his nation doesn’t need EU bailoutSeptember 28, 2012 - 11:01 AMT PanARMENIAN.Net - Slovenia's Prime Minister insisted that the Alpine nation does not need a bailout from the European Union, despite a crippling banking crisis that has unnerved investors and caused political gridlock, The Associated Press reports. Prime Minister Janez Jansa said that Slovenia can overcome the threat of bankruptcy on its own by quickly passing banking reform legislation and spending $3 billion to $4 billion euros buying bad debt from state-owned banks. In an interview with the AP on the sidelines of the annual gathering of world leaders at the United Nations, Jansa said his government is "determined to do everything that's possible" to prevent the need to ask for foreign assistance. "We don't need money from the European stability mechanism," he said. "Of course we need structural reforms which were neglected during the past." Jansa said his government wants to start buying up bad debt from banks by the end of the year. Slovenia also plans to sell bonds later this year. Parliament "is starting to take all necessary measures to pull Slovenia from dangerous water," he said. "We have to stabilize our banking system. This is the most important short-term measure." Jansa also said the severity Europe's financial crisis was underestimated, which only prolonged the political stalemate in Slovenia, when the previous government should have been acting quickly to enact reforms. Along with continuing to reduce its budget deficit, Jansa said Slovenia must past pension and labor reform to "send appropriate signals to financial markets." The Prime Minister said he was confident his center-right government could push pension reform through a bitterly-divided parliament, and that it could survive a referendum if one is called. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |