Austria: Hypo Group’s Final Report Eagerly Awaited

People ♦ Published: March 8, 2014; 11:02 ♦ (Vindobona)

The eagerly awaited final report of Hypo Group’s task force is supposed to be presented to the government this weekend.

“The report is about to be finished.” / Picture: © Wikipedia / JJ55 (30 March 2008)

“The report is about to be finished,” Christian Gutlederer, spokesman for the Austrian National Bank (OeNB), told Austrian daily OÖNachrichten in an interview.

According to him, the final report will contain several possibilities about how the ailing bank, which was nationalized in 2009, could be downsized. This means that the task force’s job is done. Now it is Finance…