The covers and editorials from leading weeklies of the Left and Right for the work-week ending Friday, 21 June 2019
Mladina: Concerns Over Abanka Privatisation
STA, 21 June 2019 - Commenting on the recent sale of the country's third largest bank Abanka to the NKBM bank, the left-wing weekly Mladina believes that this step will probably lead to adverse consequences, with the government having wasted the last opportunity to secure any kind of financial backbone for the country during the next financial crash.
"Due to this decision, Slovenia will break (again) more easily and quickly upon the arrival of the next (and the next) financial crisis. Not the country, but its economy, because there will be no vascular system any more through which the state could help the economy."
Pointing out that during any financial meltdown, when the capital of foreign banks is retreating at a rapid pace, countries need to provide stability for their economies, the editorial says that the easiest way to do so is through state banks.
"In 2009, EUR 3.5 billion left Slovenia very quickly, more than EUR 2.5 billion in the first few months. Estonia, not having any domestic banks, broke immediately. Croatia as well. But not Slovenia," highlights editor-in-chief Grega Repovž, adding that was the main reason the country's economy started showing signs of improvement already in 2011.
But then things went awry when Borut Pahor, preoccupied with his public image, got scared and stopped the recapitalisation of banks, concludes the commentary under the headline The Traces of Some Ignorance.
Demokracija: Warnings on Climate Change a Scam
STA, 20 June 2019 - The right-wing weekly Demokracija denies in its commentary on Thursday the existence of climate change, saying that its only purpose is to provide state funds for those making money off warnings of imminent catastrophe.
Demokracija editor-in-chief Jože Biščak says under the headline Fairytale about World's End that the Fridays For Future campaign is nothing but a way for students to avoid school on Fridays.
Warnings about the end of the world have been growing increasingly severe, but the end of the world does not come, Biščak says.
Natural disasters are a mainstay of human history, only reports about them travelled much slower than they do today, therefore it seems that their frequency has increased. "And climate change was not blamed for every fire, like it is now."
"If I exaggerate a bit: a person gets a fever (of course, a consequence of global warming), their coordination deteriorates and they drop a match. And there you go, a fire caused by climate change."
People are easily manipulated. "It's logical. It is much easier to believe dramatic forecasts about the end of the world and humanity than (fairytales) that people will continue to live on Earth for a long time."