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Austria: Bank Particpation Still Uncertain

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

Austria: Bank Particpation Still Uncertain / Picture: © Hypo Alpe-Adria-Bank International AG

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…

This article includes a total of 221 words.

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