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.

Join ST's Telegram channel and get the latest breaking news delivered to you.