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Suspicious Secrecy in the Cause of Hypo Group Alpe Adria
Politics ♦
Published: February 1, 2014; 17:45 ♦ (Vindobona)
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In the matter of Hypo Group Alpe Adria, the Austrian government acts disconcertingly. Details on the situation of the nationalized banks are still kept as a secret.
Suspicious Secrecy in the Cause of Hypo Group Alpe Adria / Picture: © Vindobona.org
The Austrian government refuses to publish a paper reporting about the four options for downsizing Hypo Group. In essence, there are four options: the creation of a bad bank, the bankruptcy, the participation of privately held Austrian banks in a downsizing unit and the continuation of the status quota.
Finance Minister Michael Spindelegger announced that the non-publication of…
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