Slovenia’s Credit Struggles
Small European countries must feel picked on. Fears are rising that Slovenia, a small country between Italy and Croatia, will become the sixth country in the euro zone to receive a bailout. The New York Times reports that about 20 percent of Slovenia’s economy, or €6.8 billion, is in the form of nonperforming loans. Analysts point to a combination of easy credit and corruption seen throughout Balkan states as the major sources of the current struggles.