Imark
Forumer storico
Il ministro dell'economia della Slovenia, di fresca entrata nell'Euro, ha sostenuto la necessità che i proventi del bond da 1 mld euro in corso di collocamento sono necessari al paese ove vi fosse da intervenire a favore delle banche nazionali.
Ove il collocamento dovesse avere esito negativo, il paese potrebbe trovarsi a fronteggiare una crisi di liquidità, sebbene le risorse disponibili siano adeguate a coprire le esigenze di rifinanziamento del debito pubblico per l'intero 2009 senza rivolgersi al mercato dei capitali.
Thomson Financial News
UPDATE 2-Slovenia says needs bond proceeds to boost banks
01.23.09, 01:52 PM EST
LJUBLJANA, Jan 23 (Reuters) - Slovenia needs proceeds from an imminent 1 billion euro ($1.30 billion) bond issue to carry out a planned boost of its financial system, Economy Minister Matej Lahovnik said on Friday.
The government has said it plans to spend the proceeds from the bond on stimulating the economy and propping up liquidity of its private sector amid the credit crunch.
http://buzz.yahoo.com/article/forbe...%2F23%2Fafx5958431.html%3Fpartner%3Dyahoobuzz
'If we do not succeed on international bank markets the situation will be even more complicated. It is possible that ... we will have liquidity problems,' Lahovnik told a news conference.
In a statement issued to Reuters later, he moved to clarify his earlier comments, saying that he had not been pointing to any potential difficulties in the state meeting its general obligations.
'Minister Lahovnik clarifies that when he mentioned the liquidity problems, he did not in any way refer to the liquidity position of the central government budget,' the economy ministry said.
'His intention was to further underline the importance of the state's upcoming benchmark transaction to pave the way for further funding activities of Slovene banks,' the ministry said.
Slovenia said on Thursday its 2009 budget deficit could soar to between 3.5 and 4 percent of gross domestic product (GDP) from a deficit of only 0.1 percent in 2008, mainly due to the impact of the global crisis on its small economy.
'The cash balances ... of the central government budget are sufficient to cover all debt obligations (including principals as well as interest payments) for (the whole of) 2009 without any additional borrowing,' the ministry said.
Ove il collocamento dovesse avere esito negativo, il paese potrebbe trovarsi a fronteggiare una crisi di liquidità, sebbene le risorse disponibili siano adeguate a coprire le esigenze di rifinanziamento del debito pubblico per l'intero 2009 senza rivolgersi al mercato dei capitali.
Thomson Financial News
UPDATE 2-Slovenia says needs bond proceeds to boost banks
01.23.09, 01:52 PM EST
LJUBLJANA, Jan 23 (Reuters) - Slovenia needs proceeds from an imminent 1 billion euro ($1.30 billion) bond issue to carry out a planned boost of its financial system, Economy Minister Matej Lahovnik said on Friday.
The government has said it plans to spend the proceeds from the bond on stimulating the economy and propping up liquidity of its private sector amid the credit crunch.
http://buzz.yahoo.com/article/forbe...%2F23%2Fafx5958431.html%3Fpartner%3Dyahoobuzz
'If we do not succeed on international bank markets the situation will be even more complicated. It is possible that ... we will have liquidity problems,' Lahovnik told a news conference.
In a statement issued to Reuters later, he moved to clarify his earlier comments, saying that he had not been pointing to any potential difficulties in the state meeting its general obligations.
'Minister Lahovnik clarifies that when he mentioned the liquidity problems, he did not in any way refer to the liquidity position of the central government budget,' the economy ministry said.
'His intention was to further underline the importance of the state's upcoming benchmark transaction to pave the way for further funding activities of Slovene banks,' the ministry said.
Slovenia said on Thursday its 2009 budget deficit could soar to between 3.5 and 4 percent of gross domestic product (GDP) from a deficit of only 0.1 percent in 2008, mainly due to the impact of the global crisis on its small economy.
'The cash balances ... of the central government budget are sufficient to cover all debt obligations (including principals as well as interest payments) for (the whole of) 2009 without any additional borrowing,' the ministry said.