Slovenia Launches Process Which Could Cause Economic War With Croatia

The judgements of the Croatian courts are binding on Slovenia as well as they are on other European Union member states.

As Poslovni Dnevnik writes on the 27th of March, 2018, yesterday, the Constitutional Commission of the Slovenian Parliament began upon the procedure to amend the 1994 constitutional law on the New Ljubljana Bank (NLB) in order to prevent payments to Croatian banks on the basis of the final verdicts of Croatian courts in cases against NLB, due to so-called transferred foreign currency savings.

An expert commission has been appointed to resolve some of the dilemmas that still exist in neighbouring Slovenia over this proposal, but it was concluded that the process of amending the constitutional act could be terminated before the upcoming parliamentary elections, which will most likely be held in May, according to a report from Novi list.

Most participants of yesterday’s meeting agreed that such a process would be initiated and that “Slovenian assets” would be protected from the “illegal” decisions of Croatia, with the exception of Matej T. Vatovec, who likened the proposed amendment to a ”show for the public” which won’t actually solve anything.

Vatovec stated that should this go ahead, it would mean that ”Slovenia will plunder Croatia’s assets in Slovenia, even though Slovenian companies have twice as many assets in Croatia”, concluding that his party, which has five mandates in the Slovenian parliament, does not wants to take part in fuelling the flames in and between Zagreb and Ljubljana with forced bills.

The judgements of the Croatian courts are binding on Slovenia as well as for other EU member states. So far, three verdicts have been issued with a total value of nearly two million euro, but due to other disputes that are levied on account of the transfer of foreign currency savings to the largest Slovenian bank (NLB), which is 100% under state ownership, the bill threatens a bill of more than 400 million euro.

Read more here.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!