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Slovakia’s central bank says financial stability is worsening

Financial stability in Slovakia is becoming more difficult to maintain due to the worsening external environment, the National Bank of Slovakia (NBS), its central bank, announced on June 20 as reported by the TASR newswire. "The future risks this year and in 2013 lie especially in the external environment," TASR wrote in quoting Martin Šuster, the head of the NBS research department, at a press conference. Šuster said that the deteriorating condition began in the second quarter of 2011 and the situation has worsened since then.

Financial stability in Slovakia is becoming more difficult to maintain due to the worsening external environment, the National Bank of Slovakia (NBS), its central bank, announced on June 20 as reported by the TASR newswire.

"The future risks this year and in 2013 lie especially in the external environment," TASR wrote in quoting Martin Šuster, the head of the NBS research department, at a press conference. Šuster said that the deteriorating condition began in the second quarter of 2011 and the situation has worsened since then.

Suster highlighted the deepening debt crisis in Europe at the end of 2011 as well as the weaker prospects for economic growth in other eurozone countries that are important business partners for Slovakia as the primary reasons.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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