Slovenian law passes despite central bank calling it illegal
New law is latest action in long-running political campaign to penalise central bank over bail-in
Slovenia’s parliament passed a law requiring the central bank to compensate “bailed-in” bondholders and shareholders, despite the central bank warning that it was illegal.
The Bank of Slovenia warned on October 16 that if passed, the law “envisages actions for the Bank of Slovenia that would contravene current Slovenian legislation and international law”. But lawmakers nonetheless voted for the measure by 46 to 34.
All efforts to pass similar laws have failed in the past, with the European
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