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Austria: “Council of the Wise“ for Hypo Group

Published: February 25, 2014; 12:39 · (Vindobona)

Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.

Austria: “Council of the Wise“ for Hypo Group / Picture: © Hypo Alpe-Adria-Bank International AG

Chancellor Werner Faymann too has called for the establishing of such a council. However, he pointed out that the follow-up the the bank crisis is not supposed to “divert attention from the perpetrators, the Freedom Party (FPÖ) in Carinthia.” He announced talks with the opposition parties will take place about the staffing of the council. The opposition parties fear a lack of…

This article includes a total of 518 words.

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