Is Slovenia Next?

Just over a year ago I noticed a surprising spike in readers of this blog from the country of Slovenia. This was surprising, as well this blog is written in English and the population of Slovenia is only 2 million. I wondered at the time want that meant, but I never came up with anything concrete other than to speculate that there might be a bank runs in their future, just had been the case when I had a spike in readers from Korea prior to bank runs in that country. Link to old post



Although it seems the phrase "better to be a year early than a day late" seems to apt in the case of Slovenia as speculation is rife that it might be the next country requiring a banking bailout, and after Cyprus that could mean deposits are at risk. So was it the case in Slovenia over a year ago that the smart money was looking around for options to exit their banking system and protect wealth?

From Reuters.com

Original Source

LONDON, March 28 (IFR) - Slovenia has been thrown into the spotlight as the next eurozone country likely to seek an international bailout, given the fragile state of its banking sector.

"Slovenia is now inevitably heading to a bailout, the eurozone shot itself completely in the foot following the Cyprus issue," said Tim Ash, head of EM research ex-Africa at Standard Bank.

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