Meeting of the Governing Board of the Bank of Slovenia of 4 May 2010

1. The Governing Board of the Bank of Slovenia was briefed on the current business activities of banks and developments on capital markets and interest rates.

2. The Governing Board discussed current economic and financial developments. As elsewhere in the eurozone, Slovenia has seen visible signs of improvement in short-term economic trends. In its deliberations, the Board devoted close attention to trends in public finances, and stated that consistent implementation of the exit strategy was extremely important. The blockage of urgently required structural reforms in various areas of social spending could have serious consequences for public finances, and would represent a real threat to the long-term sustainability of public finances and the stability and competitiveness of the economy.