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Fekter: Capital Aids for Hypo Included in Next Budgets

Published: July 11, 2013; 15:11 · (Vindobona)

Finance Minister Maria Fekter sticks to it: „We will reach a zero deficit in 2016 and have a slight surplus in 2017,”she announced during the presentation of the economic report 2013 on Wednesday.

Fekter: Capital Aids for Hypo Included in Next Budgets / Picture: © ÖVP Bundespartei / Jacob Glaser

On the question if these targets for the years 2016 and 2017 also take into account further capital aids for state-owned crisis bank Hypo Alpe Adria, Fekter said that a notification about Hypo Group by the European Union is expected in autumn. “We will determine the capital requirements at that point and include it in the next budget.”

In regard to bank aids, the government…

This article includes a total of 219 words.

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