Government Bank Support Continues

A core Slovenian government policy to bolster local banks through loan guarantees and liquidity support measures is likely to continue through 2011. A weak macroeconomic recovery and a downturn in global demand growth in the latter half of 2010 will ensure that government economic policy remains cautious, with aggressive fiscal austerity unlikely. The August 24 regulatory approval by the European Union to extend the bank support measures reinforces our

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