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Hypo Group: Restraining Effect on Budget Consolidation

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: © Wikipedia / JJ55 (30 March 2008)

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…

This article includes a total of 425 words.

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