Sponsored
Article Tools

Hypo Group Alpe Adria: Austrian Government Is Helpless

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

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…

This article includes a total of 439 words.

or Log In

Fast News Search
Related News
Another Emergency at Hypo Group Alpe Adria (January 25, 2014)
Austria: Nowotny Calls for Fast Decision on Hypo Group (January 21, 2014)
Spindelegger Met Almunia: „Bank Aids Were No Issue“ (January 20, 2014)
Hypo Group Alpe Adria: Austrian Government Becomes Nervous (January 18, 2014)
Europe/CESEE: Heavy Trade in Distressed Assets (January 11, 2014)
Read More
Hypo Group Alpe Adria, Werner Faymann, Michael Spindelegger, Banking Industry, Lending, Klaus Liebscher, OeNB Austrian National Bank, Ewald Nowotny
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter