Spain and Slovenia have been found the most problem-plagued members of the European Union. In their report on economic conditions in Europe, experts of the region urged the governments of these two nations to take decisive measures to resolve financial and social problems.
The main trouble of Spain is its accumulating debt and soaring unemployment. At present, more than half of people below 25 years old are hopelessly out of work.
As to Slovenia, the banking sector is its Achilles heel. The Organisation for Economic Co-operation and Development calls on the country’s government to tackle the banking problem, otherwise Slovenia might get bogged down in a severe crisis.
Meanwhile, the OECD fears that the European crisis, which has had a dampening impact on international trade in 2013, will put further pressure on global economic growth.