IHS Rejects Hypo Group’s Bankruptcy

People ♦ Published: February 13, 2014; 19:35 ♦ (Vindobona)

According to Keuschnig, it is also a question about a “national bankruptcy“.

IHS Rejects Hypo Group’s Bankruptcy / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

Christian Keuschnigg, head of the Austrian Institute of Higher Studies (IHS), rejects the idea of sending ailing Hypo Group into bankruptcy. “The national credibility is inviolable,” he said on Thursday. According to him, “as a matter of principle there is no alternative” and bankruptcy was“no acceptable question” since other benefits would be impeded, like the payment of…