Slovenia, Croatia find solution for bank dispute
Croatian FM Vesna Pusić and Slovenian State Secretary Tone Kajzer have initialed a memorandum of understanding that should solve a bank dispute.
Thursday, 07.03.2013.
12:41
ZAGREB Croatian FM Vesna Pusic and Slovenian State Secretary Tone Kajzer have initialed a memorandum of understanding that should solve a bank dispute. The memorandum of understanding was initialed in Zagreb and it represents a solution for Ljubljanska Banka. Slovenia, Croatia find solution for bank dispute The memorandum will enable Slovenia to ratify Croatia’s EU Accession Treaty since Ljubljana has been refusing to ratify the document until the bank dispute is resolved. Croatian PM Zoran Milanovic announced on Thursday that he would initial the memorandum on March 11 in Slovenia when he should meet with his Slovenian counterpart Janez Jansa. He assessed that the memorandum was a result of a compromise and that it was reached “relatively easy” after Slovenia had shown political will. Pusic said she believed that Croatia’s EU Accession Treaty would be ratified by the Slovenian parliament by the end of the month. According to the memorandum, Slovenian and Croatian governments agree to find a solution for unpaid old foreign exchange savings to Croatian citizens be found based on the Succession Agreement. The two countries will continue active negotiations under the auspices of Basel-based Bank for International Settlements. The Croatian government will suspend all court proceedings launched by two Croatian banks and make sure that no new court proceedings will be launched, while the Slovenian government agreed to immediately launch a proceeding for the ratification of Croatia’s Accession Treaty. The memorandum will come into effect once both sides have held their end of the deal. Slovenia is the only EU member state that still has not started a ratification process of Croatia’s EU accession treaty. Ljubljana has conditioned the ratification with a solution for the bank dispute. The now defunct Slovenian bank failed to pay old foreign exchange savings to Croatian citizens. A new bank, dubbed Nova Ljubljanska Banka, was formed after Ljubljanska Banka went bankrupt but it only took over the old bank’s capital and not its debts. Ljubljana believes that the old savings issue is a matter of succession among the former Yugoslav republics. Beta
Slovenia, Croatia find solution for bank dispute
The memorandum will enable Slovenia to ratify Croatia’s EU Accession Treaty since Ljubljana has been refusing to ratify the document until the bank dispute is resolved.Croatian PM Zoran Milanović announced on Thursday that he would initial the memorandum on March 11 in Slovenia when he should meet with his Slovenian counterpart Janez Janša.
He assessed that the memorandum was a result of a compromise and that it was reached “relatively easy” after Slovenia had shown political will.
Pusić said she believed that Croatia’s EU Accession Treaty would be ratified by the Slovenian parliament by the end of the month.
According to the memorandum, Slovenian and Croatian governments agree to find a solution for unpaid old foreign exchange savings to Croatian citizens be found based on the Succession Agreement.
The two countries will continue active negotiations under the auspices of Basel-based Bank for International Settlements.
The Croatian government will suspend all court proceedings launched by two Croatian banks and make sure that no new court proceedings will be launched, while the Slovenian government agreed to immediately launch a proceeding for the ratification of Croatia’s Accession Treaty.
The memorandum will come into effect once both sides have held their end of the deal.
Slovenia is the only EU member state that still has not started a ratification process of Croatia’s EU accession treaty. Ljubljana has conditioned the ratification with a solution for the bank dispute.
The now defunct Slovenian bank failed to pay old foreign exchange savings to Croatian citizens. A new bank, dubbed Nova Ljubljanska Banka, was formed after Ljubljanska Banka went bankrupt but it only took over the old bank’s capital and not its debts. Ljubljana believes that the old savings issue is a matter of succession among the former Yugoslav republics.
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