“Bank Aid for Hypo Group Is too Late“

Companies ♦ Published: November 16, 2013; 08:28 ♦ (Vindobona)

The Austrian economist Franz Hahn argues that capital injections into Hypo Group Alpe Adria are ineffective.

“Bank Aid for Hypo Group Is too Late“ / Picture: © Vindobona.org

Yesterday, Klaus Liebscher, chairman of Hypo Group’s supervisory board and head of the task force, has presented suggestions for the establishing of a bad bank. By the creation of a downsizing unit for the problem bank the best possible realization of assets should be guaranteed. Hypo Group Alpe Adria´s s assets to be downsized consist of bad credits, leasing receivables and real…