or cabinet, who are elected by the National Assembly (). The legislative authority is held by the bicameral Parliament of Slovenia, characterised by an asymmetric duality. The bulk of power is concentrated in the National Assembly, which consists of ninety members. Of those, 88 are elected by all the citizens in a system of proportional representation, whereas two are elected by the registered members of the autochthonous Hungarian and Italian minorities. Election takes place every four years. The National Council (), consisting of forty members, appointed to represent social, economic, professional and local interest groups, has a limited advisory and control power. The 1992–2004 period was marked by the rule of the Liberal Democracy of Slovenia, which was responsible for gradual transition from the Titoist economy to the capitalist market economy. It later attracted much criticism by neo-liberal economists, who demanded a less gradual approach. The party's president Janez Drnovšek, who served as prime minister between 1992 and 2002, was one of the most influential Slovenian politicians of the 1990s, alongside President Milan Kučan (who served between 1990 and 2002). The 2005–2008 period was characterized by over-enthusiasm after joining the EU. During the first term of Janez Janša's government, for the first time after independence, the Slovenian banks saw their loan-deposit ratios veering out of control. There was over-borrowing from foreign banks and then over-crediting of customers, including local business magnates. After the onset of the financial crisis of 2007–2010 and European sovereign-debt crisis, the left-wing coalition that replaced Janša's government in the 2008 elections, had to face the consequences of the 2005–2008 over-borrowing. Attempts to implement reforms that would help economic recovery were met by student protesters, led by a student who later became a member of Janez Janša's SDS, and by the trade unions. The proposed reforms were postponed in a referendum. The left-wing government was ousted with a vote of no confidence. Janez Janša attributed the boom of spending and overborrowing to the period of left-wing government; he proposed harsh austerity reforms which he had previously helped postpone. Generally, some economists estimate that both left and right parties contributed to over-loaning and managers' takeovers; the reason behind this was that each bloc tried to establish an economic elite which would support its political forces. In March 2020, Janez Janša became prime minister for third time in the new coalition government of SDS, the Modern Centre Party (SMC),