Northern, WI 04/04/2013 (usastockreport) – The fund management unit of Goldman Sachs Group, Inc (NYSE:GS) (Current: $143.42, Down by 2.23%) is already in possession of a large number of Slovene bonds but is contemplating acquiring more as it feels that though the country has been facing some challenges, it will still manage to stay afloat of debt restructuring. Rumors are rife that the country is the next in line for a euro bailout and this speculation had brought bonds in the country crashing down. At the moment, Goldman has what could be considered to be a modestly heavy position in ownership of the country’s bonds and might think of expanding this base if tension within the country eggs it on for further sell-off’s.
A money manager at Goldman Sachs Group, Inc (NYSE:GS), Sam Finkelstein who assists in the management if the emerging-market debt business at the company said that this is the second recession that Slovenia has gone through, since 2009, its financial industry has not reached the expansive proportions that it has in several other European Union countries. This country should not be compared either to Greece or Cyprus and that the foundation for investment in Slovenia was a very solid one. If there is any further deterioration in the situation and the bond-selling continues the company will definitely be interested in the investment.
Bostjan Jazbec who has been approved by Slovenia’s lawmakers to be the new central bank president said that the country’s crises has not yet gone out of hand. Though Slovenia is facing several challenges and the coalition government is not a very strong one, the banking sector is not a very large one and it also has a low debt-to-GDP. He said that cutting government debt is not a solution for this and that is exactly why he welcomes any investment in the country.