Sponsored Content
Androsch Criticizes Hypo Group Purchase
Sponsored Content
In 2009, the Austrian state nationalized the financially stricken Hypo Group. Much time was wasted, the industrialist and Fimbag board member Hannes Androsch thinks.

For Androsch, the nationalization was a „blind flight through the fog without a radar“. The main issue was not the bank itself, but the public liabilities of the province of Carinthia, which totaled € 18bn. In case of a bankruptcy of Hypo Group, the liabilities would have been shifted to the Austrian Federal Republic, Androsch argues.
Then, Austria lost much time with its…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Hypo Group: Further State Aids not Excluded (May 30, 2012)
Hypo Group May Need Further State Aid (May 23, 2012)
Androsch Criticizes Political Inactivity (May 18, 2012)
Fekter: Up to € 1.0bn for Kommunalkredit (March 3, 2012)
€ 4.0bn Capital Requirement for Austrian Banks (October 17, 2011)
Sponsored Content
Read More
Featured