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Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy

Published: May 10, 2013; 15:46 · (Vindobona)

Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.

Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy / Picture: © Hypo Alpe-Adria-Bank International AG

After EU Commissioner for Competition Joaquin Almunia has fixed the last date for handing in a restructuring and winding-down plan for crisis-struck Austrian bank Hypo Alpe Adria Group on May 31, the most supreme diplomacy is now necessary. According to well-informed circles, negotiations between Chancellor Werner Faymann and the top of the EU Commission are forthcoming. Governor of the…

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Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy

Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.

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