Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Tensions Soar Ahead Of Slovenia Presidential Vote

By ALI ZERDIN

LJUBLJANA, Slovenia (AP) ⿿ Clashes broke out Friday night in the Slovenian capital of Ljubljana as angry demonstrators tried to push through a police cordon to storm parliament and police used water cannon and tear gas to repel them.

At least 15 people were injured and 30 were arrested in what turned into a street battle between the police and groups of hooded young extremists throwing rocks, bottles and firecrackers at them.

This was the second time this week that anti-government protests in Slovenia turned violent ⿿ an extremely rare development in the otherwise calm Alpine nation.

But tensions have been soaring before a presidential runoff vote this weekend. Slovenia has been struggling economically and is in danger of needing an international bailout.

Thousands joined the protests in Ljubljana on Friday against Prime Minister Janez Jansa and his Cabinet, accusing them of corruption and fraud and demanding their resignations.

The gathering started off peacefully. Carrying banners that read "You are finished" and "Thieves," about 8,000 people braved the drizzle and cold to express their discontent with government cost-cutting measures and other reforms designed to avoid an international bailout.

Clashes erupted at the end of the demonstration after smaller groups attacked the police guarding parliament and other state buildings. Similar clashes marred the protest earlier this week in the second-largest city of Maribor.

Slovenia is facing one of the worst recessions of the 17 nations that use the euro currency. Its economy has shrunk more than 8 percent since 2009 and continues to decline, resulting in a sharp drop in exports and living standards and a surge in unemployment, which now stands at about 12 percent.

Sunday's vote pits incumbent President Danilo Turk against former prime minister Borut Pahor.

Many among Slovenia's 2 million people are angry with their leaders' inability to join forces and pull the country out of its economic crisis. They are also upset over austerity measures ⿿ spending cuts and tax hikes ⿿ which they say target the poor rather than the rich.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs