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Costs of Austrian Banking Package: € 2.36bn
Politics ♦
Published: September 19, 2012; 17:08 ♦ (Vindobona)
Since 2008, the Austrian government has resolved rescue packages worth € 21bn. Expenses totaled € 4.169bn, revenues reached € 1.814bn.
Costs of Austrian Banking Package: € 2.36bn / Picture: © Vindobona.org
According to the economist Margit Schratzenstaller (WIFO – Austrian Institute of Economic Research), costs of the Austrian banking package total € 2.36bn since 2008. Schratzenstaller does not believe that the banking package may ever become profitable.
The size of the Austrian banking package comes at more than € 21bn. Until now, direct capital injections reached €…
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