Austria: Options of Bad Bank for Hypo under Examination

Markets ♦ Published: December 20, 2013; 10:30 ♦ (Vindobona)

Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.

Austria: Options of Bad Bank for Hypo under Examination / Picture: © Wikipedia / JJ55 (30 March 2008)

On Thursday newly appointed Finance Minister Michael Spindelegger announced his plans on meeting with experts this week, among them the Financial Market Authority (FMA), in order to press forward with establishing a plan for ailing bank Hypo Group. According to Spindelegger, it was a “mega task caused by others”.

Austrian daily “Kurier” reported about a “summit” with…

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