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Hypo Group Alpe Adria: The War of Nerves Has Begun

Published: February 9, 2014; 22:58 · Updated: February 9; 23:41 · (Vindobona)

The Austrian government puts enormous pressure on the Austrian banking sector and does not exclude Hypo Group´s orderly bankruptcy anymore. The Austrian banking sector insistently warns of this option.

Hypo Group Alpe Adria: The War of Nerves Has Begun / Picture: © Flickr

The nationalized lender Hypo Group Alpe Adria is making the Austrian government more than nervous. In the end, the government has the choice between a stone and a hard place. However, also the Austrian banking sector has much to lose.

In the past few weeks, the Austrian National Bank (OeNB) and the cabinet promoted the creation of a „joint bad bank“. Privately…

This article includes a total of 736 words.

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