„Banks are the Real Austrian Problem“

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

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…

or Log In

Fast News Search
Related News
Partial Nationalization of VBAG Planned (February 27, 2012)
Pessimism in Austrian Banking Industry (February 27, 2012)
Austria Discussing Top Banks’ Capital Rules With EU Commission (February 25, 2012)
Moody's Takes Actions on Austrian Banks (February 22, 2012)
VBAG´s CEO: „Bank Aid Only Last Exit“ (February 17, 2012)
Read More
Banking Industry, FPOE, Green Party, BZOE, Heinz Christian Strache, Eva Glawischnig, VBAG, Kommunalkredit, Nationalization, Hypo Group Alpe Adria, Maria Fekter, Karl Aiginger, WIFO Austrian Institute of Economic Research
Featured
See latest Vindobona Newsletter