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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: © Vindobona.org
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…
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