Austria: Hypo Commission Costs Less than Anticipated

People ♦ Published: April 22, 2014; 15:58 ♦ (Vindobona)

Irmgard Griss, head of the investigation commission appointed by the Finance Ministry with regard to Hypo Group Alpe Adria’s nationalization, announced wanting to leave the decision about the costs with the government.

The Austrian Finance Ministry has so far not made any cost estimates about Hypo Group's investigation commission. / Picture: ©

As announced by Griss in a radio interview with “Ö1” on Tuesday, the costs will remain under € 500,000. According to the former president of the Austrian Supreme Court, the four experts, who are refunded with daily rates from € 3,500 to € 4,000, are expected to gather in at the beginning of June for the first time. Austrian business magazine “Format” has recently…