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Austria: Bank Particpation Still Uncertain
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Published: January 28, 2014; 10:32 ♦ (Vindobona)

It is still unclear whether the Austrian banks will participate in a downsizing construction of Hypo Group. First results will be presented in February

Yesterday Finance Minister and Deputy Chancellor Michael Spindelegger announced holding “relatively detailed discussions” in the near future. “We have a scenario where different options are possible. We now prefer a scenario which is to involve banks in a fund,” Spindelegger said today in Brussels ahead of the EU’s Council of Finance Ministers. Now intensive examinations are…
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