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Austria Rejects Bank Bonds of Southern Euro-Members
Politics ♦
Published: April 4, 2012; 19:25 ♦ (Vindobona)
The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the International Monetary Fund.
Austria Rejects Bank Bonds of Southern Euro-Members / Picture: © Vindobona.org
“We will do that as well,” Christian Gutlederer, a spokesman for the Vienna-based institution, said by phone today. “We are talking about minimal amounts. It will have very little impact on overall collateral.” The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the…
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