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Reuters: Screws tighten on Slovenia as budget votes shelved
Slovenia's parliament postponed voting on reforms the government says are crucial for securing its financial stability, taking the country one step closer to seeking an international bailout.

Lawmakers had been due to vote on Friday on one rule to enforce balanced budgets in coming years, and on another on setting up a state holding firm to take over bad loans in the state banking sector.

...

The yield on Slovenia's 11-year sovereign bond reached 5.5 percent on Friday, according to Reuters data, above most of its euro zone peers but still well below equivalent debt yields for Spain, the other single currency state flirting with a full-blown bailout.



If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Fri Jul 20th, 2012 at 12:23:47 PM EST

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