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Austria: Bank Participation for Hypo Off

Published: February 10, 2014; 17:43 · (Vindobona)

A participation model with Austrian banks can be ruled out for ailing Hypo Group. Instead, a more expensive version will be applied.

Austria: Bank Participation for Hypo Off / Picture: © Wikipedia / JJ55 (30 March 2008)

The Austrian government was not able to win over domestic banks to participate in a downsizing unit of nationalized problem bank Hypo Group Alpe Adria. Now, Hypo will be liquidated as a national institution, which will push up state debts.

Only two weeks ago the officials were positive about the realization of the participation model. According to estimates, which were presented…

This article includes a total of 276 words.

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