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: © Vindobona.org

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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Fiscal Policy, Banking Industry, Hypo Group Alpe Adria, OeNB Austrian National Bank, Budget Deficit, Public Debts, NPL Non Performing Loans, Lending, Downsizing, Real Estate Industry, GDP Gross Domestic Product, Capital Markets
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