Sponsored Content
Austria: Hypo Group in “Crisis Mode“
Politics ♦
Published: August 28, 2013; 11:11 ♦ (Vindobona)
According to Austrian daily “Standard“, there are daily reports about Hypo Group being forwarded to the Austrian National Bank (OeNB).
Austria: Hypo Group in “Crisis Mode“ / Picture: © Wikipedia / JJ55 (30 March 2008)
Losses of nationalized Hypo Group amount to more than € 800m. Standard reports about “acrobatic stunts” being able to create a balance sheet at all. Apparently the capital injection by the state in the amount of € 700m will suffice – until the time after the elections – to meet the capital requirements. Since a signiture by the office of the federal Chancellor is still…
or Log In
Fast News Search