Slovenia faces the risk of a severe financial crisis as the cost of rescuing its banks could be significantly higher than initially estimated. So said the Organisation for Economic Cooperation and Development, firing up the bailout rumours.
There was no surprise with regard to the Bank of Russia’s new chief.
Lawmakers approved the nomination of presidential adviser Elvira Nabiullina. After the vote the former minister of economic development praised the central bank’s current team and promised there would be no radical changes, even though the IMF is encouraging central banks to stimulate economic growth.
We will discuss all that with Nejra Cehic from Bloomberg in this edition of Business Weekly.