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Hypo Group Alpe Adria: The War of Nerves Has Begun
Politics ♦
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: © Vindobona.org
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…
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