Hypo Group: „Austrian Government Has Negotiated Poorly“

CommentOpinion ♦ Published: February 16, 2014; 22:03 ♦ (Vindobona)

In the cause of the nationalized Balkan lender Hypo Group Alpe Adria, the performance of the Austrian government is miserable, according to Austrian economist Christian Keuschnigg.

Hypo Group: „Austrian Government Has Negotiated Poorly“ / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

Keuschnigg, head of the Austrian economic research institute IHS, the nationalization of the Austrian problem bank was everything but thoughtful. The Austrian government simply did not have the necessary experience, Keuschnigg told the Austrian broadcaster ORF. “The whole story could have a better end.” he added.

In the last four years, the Austrian government has injected…