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Slovenia Could Be the Next Cyprus




10 year Slovenian bond yields increased about 1 percent recently. And this happened during hard times when Slovenian national economy isn't delivering enough. In fact, the tiny country's GDP has shrunk 1.9 % this year, which is more than double the predicted 0.7 %.

In 2012, the Slovenian economy shrunk by 2.3 % already.
Social expenses are on the rise, while revenues are decreasing.
Joblessness rates are on the increase.

Slovenia's worsening economy might make it a target for IMF-EU-forced wealth taxation, according to some economists. While others are rather skeptical, partly because the Slovenian banking sector's dimension is only 1.4 times its GDP, while Cyprus' banking sector was 8 times the size of the GDP.





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