International Monetary Fund Managing Director Christine Lagarde on Saturday downplayed concerns that Slovenia is set to become the next 'Cyprus' and said the Fund supported all the measures taken by the Slovenian government to address the issues faced by the euro member.
"I would not trust the rumors, the trepidation, whether from media, markets, or otherwise," she said while responding to a query at a news conference following the International Monetary and Financial Committee (IMFC) meeting in Washington.
"I think the best is to actually verify by ourselves and to rely on the observation of facts," she said, adding that the Fund will go to the bottom of the facts and to assess all the components of the economy.
Lagarde said Slovenia Prime Minister Alenka Bratusek has indicated that she wants to pursue privatization, allow for better management of companies that are on the fringe of insolvency, and wants to reinforce the capital of Slovenia banks.
"Those three principles are not bad principles from which to start," Lagarde said.
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