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Hypo Group Alpe Adria: Austrian Government Is Helpless

Politics ♦ Published: January 27, 2014; 07:22 ♦ (Vindobona)

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The nationalized lender urgently needs a sustainable future concept. In reality, however, uncertainty is dominating.

Hypo Group Alpe Adria: Austrian Government Is Helpless / Picture: © Flickr / Werner FaymannFlickr / SPÖ Presse und Kommunikation

More than four years after the nationalization of the Balkan lender, the situation is far from being under control. In the past years, it became more and more obvious that Hypo Group Alpe Adria is the biggest financial disaster in Austria´s history. Since the nationalization in December 2009, capital injections have totaled € 3.6bn. In 2013, Hypo Group´s capital injections were the…