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Slovenia Business Week no. 41: FT Sees Slovenia Leaping into International Spotlight

The Financial Times (FT) believes that Slovenia faces two significant milestones over the next 13 month

The Financial Times (FT) believes that Slovenia faces two significant milestones over the next 13 months. The 1 January 2007 euro changeover and the 2008 presidency over the EU will "dramatically raise the tiny country's visibility in the world and put the European Union's embrace of ex-communist countries to a new test", FT writes on Wednesday, 13 December.

Slovenia will be the first of the 2004 EU newcomers to adopt the euro, thus "formally completing Slovenia's transition from planned economy to a full member of Europe's competitive single market".

In the first half of 2008, Slovenia will "inherit the EU's rotating six-month presidency, another first for a new member from the east and a signal of confidence from larger member states", the daily writes.

FT moreover says that should Slovenia prove successful in both, it could "help revive the faded feeling" among the eight 2004 EU newcomers that they are not being snubbed by Brussels and core EU countries.

It adds that Slovenia's opportunity to take control over "EU's political machinery" will also represent a challenge for the small country.

"Slovenia could also find itself playing an important role in attempts to revive the EU's failed constitution and reform its finances," the daily writes.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency