People

Austria: Carinthia Reluctant to Pay for Hypo Group

Published: April 4, 2014; 17:32 · (Vindobona)

The Austrian province of Carinthia rejects contributing to the downsizing costs of nationalized Hypo Group. Finance Minister Spindelegger insists on € 500m and threatens with sanctions.

Finance Minister Spindelegger insists on Carinthia's contribution to the downsizing of problem bank Hypo Group. / Picture: © Vindobona.org

The dispute between the Austrian federation and the province of Carinthia with regard to the downsizing costs of problem bank Hypo Group Alpe Adria continues. Finance Minister Michael Spindelegger considers the amount of € 500m not negotiable and even takes into account sanctions, as reported by “Kleine Zeitung” (Friday issue). However, Peter Kaiser, provincial governor of…

This article includes a total of 217 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austria: Carinthia Reluctant to Pay for Hypo Group

The Austrian province of Carinthia rejects contributing to the downsizing costs of nationalized Hypo Group. Finance Minister Spindelegger insists on € 500m and threatens with sanctions.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.