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Hypo Group: Restraining Effect on Budget Consolidation
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Published: November 5, 2013; 17:26 ♦ (Vindobona)
According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.
Hypo Group: Restraining Effect on Budget Consolidation / Picture: © Vindobona.org
The biggest threat in a downward risk for the budget is the unsecurity about whether or not further state funding will be required for the ailing bank. After two years of the budget deficit turning out to be considerably lower than initially anticipated by the government, this year’s budget is no positive develpments are expected but the it is projected to remain unchanged at 2.5…
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