Sponsored Content

„Banks are the Real Austrian Problem“

People ♦ Published: February 28, 2012; 19:32 ♦ (Vindobona)

Sponsored Content

The Austrian opposition criticizes the rescue of VBAG by the government massively. Further bank aids are feared.

„Banks are the Real Austrian Problem“ / Picture: © Vindobona.org

The three opposition parties FPÖ, Green Party and BZÖ criticize the government for the partial nationalization of VBAG. The Austrian state holds a 49% stake in VBAG and has to contribute € 1.05bn. After Kommunalkredit and Hypo Group Alpe Adria, VBAG is the third bail out by the Austrian government. The three opposition parties are not against the bail-out itself, but against the…