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Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy
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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: © Vindobona.org
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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