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President Pahor receives Eurogroup President and Dutch Finance Minister Dijsselbloem

Ljubljana, 21. 10. 2013 | press release

The President of the Republic of Slovenia, Borut Pahor, received the Eurogroup President and Dutch Minister of Finance, Jeroen Dijsselbloem, who is paying a visit to Slovenia as part of his tour of all euro area countries announced at the start of his Eurogroup presidency and planned with a view to becoming better acquainted with the situation in individual countries. President Pahor and Eurogroup President Dijsselbloem touched on three topical issues related to the situation in Slovenia: the banking system, public finance and political stability.

They agreed that the rehabilitation of banks calls for decisive and prompt action. President Pahor explained that Slovenia had established a legal and institutional framework for carrying out the overhaul of the banking system, including amendments to banking legislation currently undergoing parliamentary reading. At present, we are waiting for the results of the independent assessment of the capital needs of Slovenian banks.

The President of the Republic of Slovenia, Borut Pahor, received the Eurogroup President and Dutch Minister of Finance, Jeroen Dijsselbloem, who is paying a visit to Slovenia as part of his tour of all euro area countries announced at the start of his Eurogroup presidency
Photo: Daniel Novakovič/STA

Mr Dijsselbloem said that the road to balanced and stable public finance would be long and hard but that he remained a cautious optimist, as economic recovery seemed to be occurring in almost all European countries. He expressed his expectation that Slovenia would take resolute actions regarding privatisation and public finance consolidation. President Pahor explained that Slovenian budget documents for the next two years followed the European Commission recommendations regarding the elimination of the excessive deficit. He added that Slovenia, like the entire EU, was well aware that structural reforms and continued privatisation were necessary and was taking action in that direction.

President Pahor also informed Mr Dijsselbloem of a meeting with presidents of the parliamentary parties planned for November, noting that the discussion is expected to focus on topical and important issues and adding that he would make every effort to build a consensus on measures that would, taking into consideration the circumstances, enable Slovenia’s successful economic recovery. They both agreed that political stability and the participation of the politics for action are vital not only in Slovenia but also in the European Union as a whole. Eurogroup President Dijsselbloem added that while currently the economic recovery was weak and reform fatigue continued, such reforms had to be pursued. President Pahor agreed, adding that "the crisis is not over yet, so the reforms must continue".