Austria: Commission Wants Roadmap to Hypo’s Future

Politics ♦ Published: May 2, 2013; 19:02 ♦ (Vindobona)

The EU Commission wants the Austrian government to announce the next steps for Hypo Group until the end of this month.

Austria: Commission Wants Roadmap to Hypo’s Future / Picture: © Hypo Alpe-Adria-Bank International AG

Until the end of May the Commission wants to gain more clarity about the further steps of Austria in regard to the liquidation of nationalized banking instititute Hypo Group. It was announced that an agreement about the roadmap has to be presented by the Finance Ministry until then.

At the beginning of March, Commissioner Joaquin Almunia made clear that he considered the…

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