Slovene bank clean-up provides stress test dry run for ECB

euro-coins-and-banknotes

The International Monetary Fund (IMF) has called on Slovenia to take "decisive actions" to break a vicious circle of deep recession and high levels of non-performing loans, as the country prepares to bail out its beleaguered banking sector.

At the conclusion of its Article IV mission to Slovenia on Monday, the IMF said "cleaning up" and recapitalising banks was the "immediate priority", but warned that without further reforms, the recapitalisation would be little more than an "expensive stop-gap

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: