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Hypo Group to Get a Bad Bank?
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Published: April 30, 2013; 19:48 ♦ (Vindobona)
Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.
Hypo Group to Get a Bad Bank? / Picture: © Wikipedia / JJ55 (30 March 2008)
The Austrian government will now examine the outsourcing of non-performing loans at a separate bad bank for Hypo Group. The plan was rejected several times due to the consequences to the household budget of the Austrian state since the bank was nationalized by force in 2009.
On Tuesday, after the Council of Ministers Chancellor Werner Faymann announced that negotiations were…
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