Seeking Alpha "Slovenia Credit Rating Downgrade Prompts New Austerity Measures"
19/01/12 09:25
On January 12, 2012, Standard and Poor’s downgraded the credit rating of nine eurozone nations. Slovenia was one of them. S&P downgraded the Eastern European nation to A+. Slovenia adopted the euro in 2007. The nation’s public debt has increased from 38.8% of GDP in 2010 to an expected 50.1% of GDP in 2012. At the same time, the public deficit as it pertains to GDP has remained constant.
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