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Hypo Group Alpe Adria: Austrian Government Becomes Nervous

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…

This article includes a total of 472 words.

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