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Delo - Slovenia | Wednesday, November 5, 2014

Learn from the mistakes of Paris and Rome

According to the European Commission's autumn forecast, Slovenia will register economic growth of 2.4 percent this year and 1.7 percent in 2015. The country should avoid taking the same path as France and Italy, the left-liberal daily Delo warns: "There are several risks. Slovenia's small export economy is particularly vulnerable to external shocks such as a new recession in Europe. Our public finances are far from being in order, and it looks like the government is merely stopping the gaps under pressure from Brussels. ... The examples of Italy and France show what can happen when you stick your head in the sand. Although they maintain that austerity measures are counterproductive and refuse to reduce their deficits, they also reject major reforms. And that is preventing their economies from getting a jump-start. How quickly Slovenia can move closer to the top of the class depends on how much resolve our politicians put into finally tackling the reforms."

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