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Liebscher: Government Is to Blame

People ♦ Published: February 20, 2014; 10:59 ♦ (Vindobona)

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Head of Hypo Group’s Task Force Klaus Liebscher rejects being turned into the scapegoat of delaying important decisions about the downsizing of the problem bank. Instead, he points his finger to the Austrian government.

Liebscher: Government Is to Blame / Picture: © Das Rudolfinerhaus

Liebscher, who also functions as chairman of national banking holding Fimbag and head of the supervisory board at nationalized problem bank Hypo Group Alpe Adria, rejects being made responsible for the delays and the dragging proceeding in downsizing the problem bank. Instead, Liebscher points to the Austrian government which he regards as the one continuing to stand on the…