OECD Warns Of Severe Banking Crisis In Slovenia
The Organization of Economic Cooperation and Development has warned that Slovenia is in serious risk of a financial downturn and could face restricted accesses to financial markets, reports The Telegraph. Three of Slovenia’s largest banks are owned by the state, and have been forced to recapitalize many times because of their high accumulation of risky loans. The banks are underestimating their debt, and bad loan rations are continuing to spiral, the story claims.
