Hypo Group: Heavy Burden for Austrian Fiscal Position

Politics ♦ Published: April 7, 2014; 12:35 ♦ (Vindobona)

The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.

Hypo Group will considerably burden the fiscal policy. / Picture: © Wikipedia / JJ55 (30 March 2008)

According to the Austrian National Bank (OeNB), the Austrian state has so far invested € 3.6bn in capital in Hypo Group Alpe Adria. Moreover, the liabilities of non-performing loans and for the emission of subordinate bonds come at € 1.2bn. The further capital requirement for the completing of the balance sheets of 2013 and for the time until it was transformed into a downsizing…