Hypo Group: Calls for Bankruptcy Become Louder

Hypo Group: Calls for Bankruptcy Become Louder / Picture: © Hypo Alpe-Adria-Bank International AG

For the Austrian government, the time pressure is growing. Until mid-February, the cabinet has to find a final solution for the state-held lender. In essence, there are four options: the creation of a bad bank, the bankruptcy, the participation of privately held Austrian banks in a downsizing unit and the continuation of the status quo.

According to the Oliver Wyman report, the…