Austria: Nowotny Reiterates Statement

People ♦ Published: December 11, 2013; 15:31 ♦ (Vindobona)

Ewald Nowotny, governor of the Austrian National Bank (OeNB), reiterated his view on Hypo Group.

Austria: Nowotny Reiterates Statement / Picture: © Agenda Austria 2020

“There is no bankruptcy scenario,“ Nowotny explained in late-November. “The Republic of Austria has made a clear arrangement with the European Commission in summer. This is our plan and we will now proceed according to plan. A bankruptcy can be excluded.” As a result, the Hypo Group task force did not submit a bankruptcy scenario to the Austrian government.

Nowotny still…