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Felderer: Insolvency More Expensive Than Bad Bank

Published: February 22, 2014; 08:27 · (Vindobona)

According to Felderer, president of the fiscal council, the option of insolvency for Hypo Group Alpe Adria is more expensive than the establishing of a national bad bank

Felderer: Insolvency More Expensive Than Bad Bank / Picture: © IHS Vienna

In the news program “ZiB2” of public TV station ORF, Bernhard Felderer, president of the Austrian fiscal council, said that the establishing of a national bad bank for the downsizing and restructuring of Hypo Group was less expensive than sending the bank into insolvency. However, one should still keep an eye on the option of insolvency, particularly to “put pressure on BayernLB…

This article includes a total of 302 words.

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