Austria: Spindelegger Demands Valid Figures by Hypo Group

People ♦ Published: March 15, 2014; 15:53 ♦ (Vindobona)

Finance Minister Michael Spindelegger demands valid figures from Hypo Group Alpe Adria before any further capital injections will be made by the Austrian state.

The ailing bank has until the end of April to present "valid figures." / Picture: © Wikipedia / JJ55 (30 March 2008)

Otherwise, the Finance Minister threatened not to grant any further payments. The ailing bank has until the end of April. However, Spindelegger assumes that the figures for the business years 2013 and 2014 will be determined in the coming weeks. The deputy Chancellor announced not wanting to spend further money into Hypo Group every other month.

Since the beginning of the week,…