Cernko Claims Bank Rescue Fund

More+Comment ♦ Published: March 20, 2012; 17:42 ♦ (Vindobona)

Bank Austria´s CEO Willibald Cernko wants the bank tax to be solely used for a stability fund in order to support financially stricken banks.

Cernko Claims Bank Rescue Fund / Picture: © UniCredit Bank Austria

Cernko, who has criticized the bank tax several times, reaffirms his claim to create a bank rescue fund. Bank Austria´s CEO is dissatisfied with the increase in the bank tax by 25%. Bank Austria also has to participate in the tax.

Within the next three or four years, bank tax proceeds should shift to a “stability fund”. The fund should be established at EU level. “This has…