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Hypo Group: Heavy Burden for Austrian Fiscal Position
Politics ♦
Published: April 7, 2014; 12:35 ♦ (Vindobona)

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

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…
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