Slovenia adopts austerity action plan to avert bailout

LJUBLJANA (AFP) - The Slovenian government on Thursday adopted an action plan aimed at avoiding a bailout that included privatisations, tax increases and austerity measures.

The plan, which is to be sent shortly to Brussels, is seen as crucial to bolstering the economy of recession-hit Slovenia and to underpinning its troubled banking system, just seven weeks into the mandate of Prime Minister Alenka Bratusek.