Hypo Group: Fekter Under Pressure

People ♦ Published: June 10, 2013; 10:10 ♦ (Vindobona)

Finance Minister Fekter is put under pressure by Austrian Green Party to establish a bad bank for Hypo Group.

Hypo Group: Fekter Under Pressure / Picture: © ÖVP Bundespartei / Jacob Glaser

The debate about the nationalized Hypo Aldre Adria Group is becoming more intense. The Austrian Greens press the government to establish a bad bank before the summer so that bad assets can be cut back. The delay of the inauguration of the law until after the elections of the National Assembly, which is obviously planned by Finance Minister Maria Fekter, would cost the federal state up…