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Suspicious Secrecy in the Cause of Hypo Group Alpe Adria

Published: February 1, 2014; 17:45 · (Vindobona)

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: © Flickr

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…

This article includes a total of 760 words.

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