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Hypo Group: Austrian Government Seems Aimless

Published: December 27, 2013; 22:01 · (Vindobona)

Although the restructuring of the nationalized Austrian lender is one of the most pressing issues, the Austrian government could not present a sound concept yet.

Hypo Group: Austrian Government Seems Aimless / Picture: ©

Already in summer, former Minister of Finance Maria Fekter commented that Hypo Group Alpe Adria is a bottomless pit. In meantime, the government has changed. Michael Spindelegger has replaced Maria Fekter. However, the problems are still the same.

Hypo Group is the biggest financial disaster in Austria´s history. Due to its rapid expansion the Balkan region in the years from…

This article includes a total of 585 words.

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