Ex-Comedian Expects to Get Mandate to Form Slovenian Government
(Bloomberg) -- Slovenia's comedian-turned-mayor Marjan Sarec expects to receive a mandate next week to form the euro-zone country's next government and break a political deadlock following inconclusive June elections.
Sarec's list, along with four other parties, will nominate him as prime minister to parliament Wednesday, with a vote planned for Aug. 13. Runner-up in the election, he's trying to create a minority coalition with the parties of former Prime Ministers Miro Cerar and Alenka Bratusek, as well as the Social Democrats, the Ljubljana-based Delo newspaper reported, citing Sarec. The coalition will also receive the tacit support of the leftist Levica party, which won't officially take part in the future cabinet.
The agreement will break a stalemate after the June 3 vote and prevent its winner, Janez Jansa from securing a third term as prime minister. Jansa is an ally of Viktor Orban, a champion of "illiberal democracy" and a standard bearer for anti-establishment forces across the European Union. While he came out ahead of Sarec, Jansa was shunned by most other parties in coalition talks for running a staunchly anti-immigrant campaign.
“It is right to put on the table what we've agreed, to submit the nomination and cut the Gordian knot that has been hanging over our heads the whole summer,” Delo quoted Sarec as saying in an interview published Tuesday. “Those who support the government will show they're serious, and those who do not, will only prove they have no serious intentions.”
The parties in the planned coalition will control 38 of parliament's 90 seats. With the nine more controlled by Levica, they'll be able to muster a slim but fragile majority that will face constant tension because of the conflicting platforms, which range across the center and left of the political spectrum.
The next government will have two main tasks. It must address the sale of state owned lender Nova Ljubljanska Banka d.d. after the previous government missed an end-2017 deadline imposed as part of a 2013 financial-sector bailout. It must also choose a new head of the central bank after its former chief, Bostjan Jazbec, left the post. The National Bank of Slovenia's governor also sits on the European Central Bank's Governing Council.
Sarec has pledged to sweep Slovenia's elite out of state institutions and to sell most of NLB to avoid triggering another financial-sector bailout. The country of 2 million staged a taxpayer-funded rescue of its state-owned lenders in 2013 after years of mismanagement drove them to the brink of insolvency and almost triggered the need for a Greece-style bailout.
To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net
To contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Michael Winfrey, Andrew Langley
©2018 Bloomberg L.P.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.