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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Slovenia: Wealth fund motion valid

Posted on 05 November 2012

Slovenia’s Parliamentary Speaker Gregor Virant rejected a move by opposition lawmakers to call a referendum on the government’s bank stabilization plan, easing concern the nation may be forced to seek a bailout.
Thirty legislators filed a motion on Oct. 30 to call a plebiscite on the plan to recapitalize the nation’s banks and create a wealth fund meant to ease the sale of state assets, saying they are a “bad solution.” Virant said proponents failed to follow the rules when they filed the motion on Oct. 30. The wealth fund motion was valid and a referendum will probably be held in January, Virant said………………………………………..Full Article: Source


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