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„Banks are the Real Austrian Problem“
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Published: February 28, 2012; 19:32 ♦ (Vindobona)
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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…
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