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Hypo Group: Calls for Bankruptcy Become Louder

Politics ♦ Published: February 3, 2014; 19:07 ♦ (Vindobona)

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The Austrian government wants to prevent the bankruptcy of the nationalized lender Hypo Group Alpe Adria. However, there are better arguments for an orderly insolvency.

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…