Politics

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: © Vindobona.org

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.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Hypo Group: Austrian Government Seems Aimless

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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.