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Austria: Fate of Hypo Group Still Unclear

Published: December 16, 2013; 20:03 · (Vindobona)

Only next year the fate of ailing bank Hypo Group Alpe Adria will be determined.

Austria: Fate of Hypo Group Still Unclear / Picture: © Wikipedia / JJ55 (30 March 2008)

The bank has become the biggest problem case. At the beginning of December, a debate erupted about whether or not Hypo Group should become bankrupt. Apparently insolvency is regarded out of question by the government as well as by the Austrian National Bank (OeNB) and the bank’s supervisory board. However, this solution would be less burdening for the taxpayers than the establishing…

This article includes a total of 272 words.

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