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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.

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…
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