Slovenia

report 2014

Gotovi ste! - You’re finished!

Slovenia has had the sharpest decline in GDP since 2008 of any euro-zone member apart from Greece, although it has so far avoided having to ask for external aid owing to having entered the crisis with a far lower sovereign debt burden. The new Government has indicated that it will continue to avoid a bailout by driving through changes including bank restructuring, privatizations, and pension and labour reforms. However, poverty has increased and many people are no longer able to meet basic needs; without state assistance, the poverty rate is estimated to rise to 24%. Those who can’t find work have dropped out of the labour force. As a result, Slovenia has joined countries where people have taken to the streets to call for a more just and balanced economy, more participatory democracy and the rule of law.

BCI & GEI 2011
news
High unemployment rate among
youth. (Photo: ILO)

Slovenia has had the sharpest decline in GDP since 2008 of any euro-zone member apart from Greece, although it has so far avoided having to ask for external aid owing to having entered the crisis with a far lower sovereign debt burden. The new Government has indicated that it will continue to avoid a bailout by driving through changes including bank restructuring, privatizations, and pension and labour reforms. However, poverty has increased and many people are no longer able to meet basic needs; without state assistance, the poverty rate is estimated to rise to 24%. Those who can’t find work have dropped out of the labour force. As a result, Slovenia has joined countries where people have taken to the streets to call for a more just and balanced economy, more participatory democracy and the rule of law.

In terms of gender equity Slovenia places itself slightly above the European average and all of its neighbours, but lags far behind the European countries heading the chart.