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Austria: Bad Bank For Hypo As Good As Guaranteed.
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Published: November 14, 2013; 13:52 ♦ (Vindobona)
Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.
Austria: Bad Bank For Hypo As Good As Guaranteed. / Picture: © Vindobona.org
Klaus Liebscher, chairman of Hypo Group’s supervisory board and head of the task force, has presented suggestions for the establishing of a bad bank to both Chancellor Werner Faymann and his deputy Michael Spindelegger. By the creation of a downsizing unit for the problem bank the best possible realization of assets should be guaranteed.
According to Liebscher, both have…
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