Hypo Group: „The Wrong Decisions were Made“

Comment › Opinion ♦ Published: December 28, 2013; 19:59 ♦ (Vindobona)

Johannes Ditz, former chairman of the Austrian nationalized Hypo Group Alpe Adria, thinks that the Austrian government could have avoided a massive burden for the taxpayers.

Hypo Group: „The Wrong Decisions were Made“ / Picture: © Vindobona.org

In an interview with the Austrian daily “Presse”, Ditz explains why he left the supervisory board of the nationalized bank in summer 2013. “2013 was the most crucial year for Hypo Group. Unfortunately, no decisions were made. Or the wrong decisions were made. As a result, I resigned as head of the supervisory board.”

“I was not heard anymore - as chairman of the…

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Hypo Group Alpe Adria, Johannes Ditz, Banking Industry, Nationalization, NPL Non Performing Loans, EC European Commission, Brussels
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