Keuschnigg: Losses of Hypo Compensated by Privatizations

Politics ♦ Published: September 20, 2013; 13:29 ♦ (Vindobona)

Christian Keuschnigg, head of the IHS (Austrian Institute for Higher Studies) suggests to privatize OMV, Post and Telekom Austria to pay for Hypo Group.

Keuschnigg: Losses of Hypo Compensated by Privatizations / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

In order for Austria not to accumulate further debts due to the crisis-struck bank Hypo Group, the Austrian state should sell its stakes in OMV, Post and Telekom Austria, Keuschnigg said in an interview with the newspaper “Oberösterreichische Nachrichten”.

“If we neither want to increase debts nor to create a stricter austerity package, then one-off revenues are necessary.…

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Christian Keuschnigg, IHS, OMV, Austrian Post, Telekom Austria, Privatizations, Nationalization, Energy Industry, Telecommunications Industry, Hypo Group Alpe Adria, Banking Industry, Austerity
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