Hyp Group Alpe Adria: “No Unnecessary Bankruptcy”

CommentOpinion ♦ Published: February 7, 2014; 11:07 ♦ (Vindobona)

Klaus Liebscher, president of Hypo Group´s supervisory board, points out that Hypo Group´s bankruptcy would involve enormous risks. The Austrian government remains conspicuously calm.

Hyp Group Alpe Adria: “No Unnecessary Bankruptcy” / Picture: © Das Rudolfinerhaus

The future of the nationalized Balkan lender remains Austria´s hottest topic. In the past few days, the debate over the state-backed problem bank became more and more controversial.

In essence, the situation is the following: The orderly insolvency would be the cheapest option for Austrian taxpayers, the Hypo Group report compiled by the advisory firm Oliver Wyman reads.…