Austria: Hypo Group Investigation Committee to be Established?

People ♦ Published: May 2, 2014; 13:24 ♦ (Vindobona)

Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?

Will Hypo Group receive an investigation committee? / Picture: ©

More and more members of the Austrian parliament support the idea of establishing a parliamentary investigation committee for ailing Hypo Group Alpe Adria. Besides, provincial parliaments are putting pressure on the federal government by voting for the establishing of an investigation committee.

Austrian Minister of Defense Gerald Klug, member of the Social Democrats (SPÖ), has…