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.
Androsch Criticizes Hypo Group Purchase / Picture: © AIC
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
Sponsored Content