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Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (1/2)

Politics ♦ Published: February 4, 2014; 16:12 ♦ (Vindobona)

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In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.

Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (1/2) / Picture: © Wikipedia / JJ55 (30 March 2008)

More than four years after the nationalization, the Austrian government still has no sustainable concept. Until now, the Austrian state has injected € 4.8bn into the problem bank. In total, economists fear that the Austrian taxpayers have to absorb further losses. As a result, the pressure on the Austrian government is growing substantially. Now, the Austrian government wants to…