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Contradictions Regarding Expenditure for Bank Package
Politics ♦
Published: May 7, 2011; 13:30 ♦ (Vindobona)
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According to Eurostat, € 1.4bn more were spent on bank assistance than the corresponding revenues. The Ministry of Finance contradicts this.
Contradictions Regarding Expenditure for Bank Package / Picture: © Vindobona.org
The Austrian government has not been able to do good business with bank assistance so far. Interest income allegedly does not exceed the expenditure, since the Hypo Group and the Volksbanken group have paid no interest so far. The participation capital only provides for interest payments incase of profits. Additional costs were also related to the emergency nationalization of the…
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