Hypo Group Alpe Adria: Austrian Government Becomes Nervous

Politics ♦ Published: January 18, 2014; 10:14 ♦ (Vindobona)

Although the participation of the private banking sector is unrealistic, the Austrian government does not give up. However, the time pressure grows week by week.

Hypo Group Alpe Adria: Austrian Government Becomes Nervous / Picture: © Flickr / SPÖ Presse und Kommunikation

Yesterday, the Austrian government received an expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria.

In total, there are four options: the creation of a bad bank, the bankruptcy, the participation of privately held Austrian banks in a downsizing unit and the continuation of the status quota.

Thus, in in order to secure the…