Executive board member of the European Central Bank, Jörg Asmussen, said  private investment would be the first port of call if a bank needs more capital. Photograph: Reuters

National governments may be forced to contribute to future bank recapitalisations if next year’s European bank stress tests reveal shortfalls in the (...)

Slovenian prime minister Alenka Bratusek: said the stability package would be enough to prevent the tiny Alpine country following Cyprus in the euro zone queue for a bailout. Photograph: Matej Leskovsek/International Herald Tribune

Slovenia has pledged to sell 15 state firms and raise VAT in a desperate bid to avoid an international bailout, but a reliance more on revenues(...)

Slovenian finance minister Uros Cufer said his country does not need help. "We will need no bailout this year," he said. "I am calm." Photograph: Srdjan Zivulovic/Reuters

Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt(...)