Submitted by Fox First at Ten on October 15th
By The Associated Press
COLLAPSE: Slovenia was once a star among the eastern European states that joined the European Union after communism's fall. Now it faces one of the worst recessions and financial system collapses among the 17 countries that use the euro.
AID NEEDED?: Slovenia could become the sixth member of the eurozone, and the first among the bloc's former socialist countries, to need an emergency bailout to avoid bankruptcy.
WHAT HAPPENED: Experts think that the underlying reason for Slovenia's slide is that, despite appearing to modernize its economy, the country never made the transition from socialism to free markets.
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