Domestic buyers accounted for 82% of the demand for a €1B Slovenian T-bill issue this week...
Domestic buyers accounted for 82% of the demand for a €1B Slovenian T-bill issue this week according to WSJ. Throughout the eurozone debt crisis, domestic financial institutions have played a major role in funding their governments when foreign demand dries up, a scenario which some say has contributed to the pernicious link between banks and sovereigns in the currency bloc. Non-performing loans at state-owned Slovenian banks amount to 20% of GDP.
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