Austrian Banks: “Less than No Interest” in Bad Bank Participation

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Bernhard Felderer, President of the Government Debt Committee, reckons that a bad bank will be established for ailing Hypo Group. During a press conference on Monday, Felderer pointed out that the government has already ruled out an insolvency of the bank.

Felderer also rejects the idea of the participation of other Austrian banks participating. According to him, the government…