Moreover, in 1994 and early 1995, investor nervousness about our fiscal and political situations led to temporary sharp increases in domestic interest rates in the wake of turbulent global financial markets. All of this left Canadians anxious about the future and cautious about spending.
It is therefore ironical that the Bank of Slovenia is being investigated for alleged mishandling of data and inaccurate calculations and the European Court is to issue a ruling on a case referred to it. The legislation on many aspects of the resolution package, including the bail-in on subordinated instruments, were in existence but were not consolidated.