Slovenia attempts to avoid economic crunch

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Source: Forexfactory

Slovenia was trying to reassure the international lenders that the country is able not to follow Hungarian footsteps, even after the country's leader failed to shape the government. Slovenia's debt rating was cut from Aa3 to A1 by Moody's in December. Experts claim the overreliance on exports to the EU and political turmoil will lead to further credit downgrade and soaring borrowing costs. Currently, the country can borrow at above 7%.

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