Austria: Hypo Group to Come Under Fire

Politics ♦ Published: April 16, 2013; 10:07 ♦ (Vindobona)

Pressure from Brussel grows for a fast selling of Hypo Group.

Austria: Hypo Group to Come Under Fire / Picture: © European Commission

The nationalized by forced Hypo-Alpe-Adria Bank is threatened to come under fire from all sides. Austria’s instisting on keeping the bank secret worsens the Brussels Finance Ministry’s willingness to negotiate, according to insiders.

Austria wants to persuade the EU Commission to prolong the selling period for Hypo Group. However, the current discussion about a contribution…