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Austria: Domestic Banks Reject Taking Over Hypo Group

Published: May 13, 2013; 17:10 · (Vindobona)

The task force, appointed for Hypo Alpe Adria Group by the government, held a meeting again today. It is only two more weeks until the suggestions have to be presented to Brussels. Domestic banks reject participating in a bad bank.

Austria: Domestic Banks Reject Taking Over Hypo Group / Picture: © Wikipedia / JJ55 (30 March 2008)

Experts have been debating about the proposition Austria could submit during the next negotiations with the EU Commission. In the course of the week, new figures about Hypo Group are supposed to be determined about how much the menacing winding-down scenario would cost the Austrian taxpayers and how the estimated billions-worth burden could be distributed.

Pressed by the…

This article includes a total of 435 words.

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