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„Bank Aids Are Lost“
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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…
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