Austria: IV Welcomes Government‘s Decision on Hypo

People ♦ Published: March 14, 2014; 13:57 ♦ (Vindobona)

According to Kapsch, president of IV, Hypo Group’s insolvency would have meant uncertainty and damages to the reputation of the business location Austria.

"Insolvency would always be associated with bigger risks." / Picture: © IV / Günther Peroutka

The Austrian Federation of Industries (IV) welcomes the decision of Finance Minister Michael Spindelegger with regard to the downsizing of Hypo Group Alpe Adria. President of IV, Georg Kapsch said that “Now, after the political decision was made, the realization has to be carried out professionally.” According to him, a solution like this, which has been tested several times in…