„Bank Aids Are Lost“

More+Comment ♦ Published: April 10, 2012; 16:57 ♦ (Vindobona)

The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.

„Bank Aids Are Lost“ / Picture: © Vindobona.org

The survival of nationalized VBAG is not secured, even not after the sale of its CEE-subsidiary and the partly nationalization.

Franz Hahn, economist at WIFO is in doubt whether the government´s plan will work. At the end of February, the government decided to initiate the partly nationalization of the financially stricken bank. After highly loss-making operations in Eastern…