Hypo Group: Insolvency Still an Option?

People ♦ Published: March 12, 2014; 14:54 ♦ (Vindobona)

The group of international advisors appointed by the Austrian government seems to have come to a different conclusion than the task force of Hypo Group Alpe Adria.

The Council of Ministers has already given green light to a new capital injection for Hypo Group. / Picture: © Vindobona.org

The report by international advisors, which will be published today, took a surprising turn as it does not completely dismiss the idea of sending the ailing bank into insolvency but point out advantages. Now, Finance Minister Michael Spindelegger could find the idea of insolvency to his liking, according to rumors.

By this, creditors will have to participate in the downsizing…