Hypo Group Alpe Adria: Nowotny Attacks Fekter

People ♦ Published: February 15, 2014; 16:20 ♦ Updated: February 15; 18:19 ♦ (Vindobona)

Governor of the Austrian National Bank (OeNB) Ewald Nowotny criticizes former Minister of Finance Maria Fekter sharply and blames her for inactivity.

Hypo Group Alpe Adria: Nowotny Attacks Fekter / Picture: © Agenda Austria 2020

The financial disaster of the nationalized Balkan lender is attracting public attention in Austria for months. Now, the Austrian government, the opposition and other decision makers are blaming each other.

In the past few weeks, a number of experts criticized the government for the inactivity. In December 2009, BayernLB sold the distressed bank to the Austrian state. Since then,…