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Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“
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Published: May 21, 2013; 13:41 ♦ (Vindobona)
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In the margin of the Council of Ministers, Finance Minister Maria Fekter announced that Austria will hand in the new restructuring plan for Hypo Alpe Adria Group to the EU Commission in the coming days.
Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“ / Picture: © ÖVP Bundespartei / Jacob Glaser
It is reported that the corner marks will be available for the Commission as early as this week. The Finance Minister announced that now the main aim was to “steer Hypo Group into safe waters”. She explains that with Hypo Group’s nationalization € 21bn in guarantees by the province of Carinthia would have become imminent in case of insolvency. Now, it was “only” € 14bn.…
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