Rehn: Slovenia Can Avoid a Bailout

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The EU's top economic official, Olli Rehn says Slovenia will not need a financial bailout if it reacts quickly to bring down its budget deficit, although EU goals remain out of reach in the near term. "Slovenia's economic situation is still manageable provided that decisive action is taken, without unnecessary delay, to reverse this negative economic trend which concerns both the banking sector and public finances," he told a news conference.