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Austria: Nowotny Calls for Fast Decision on Hypo Group

Published: January 21, 2014; 16:10 · (Vindobona)

The Governor of the Austrian National Bank (OeNB) presses the government to act quickly and avoid further straining the budget and burdening the taxpayers.

Austria: Nowotny Calls for Fast Decision on Hypo Group / Picture: © Wikipedia / Christian Wirth (Wirthi)

Ewald Nowotny, Governor of the Austrian National Bank still favors a bank participation of Hypo Group’s bad bank. He presses the government to decide quickly on how to proceed with the problem bank and the downsizing of the billions in non-performing loans.

“Hypo Alpe Adria remains a risk to the budget,” he told a club of business journalists. The longer the government…

This article includes a total of 482 words.

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