Sponsored
Article Tools

Costs of Austrian Banking Package: € 2.36bn

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 €…

This article includes a total of 247 words.

or Log In

Fast News Search