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Mitterlehner: „Hypo Group Must Not Burden State Budget“

Published: January 20, 2014; 06:27 · (Vindobona)

Austria´s Minister of Economics underlined that the Austrian government is looking for an effective and cost-saving solution for the nationalized Lender Hypo Group Alpe Adria.

Mitterlehner: „Hypo Group Must Not Burden State Budget“ / Picture: © ÖVP Bundespartei / Jacob Glaser

The resolution of the problem bank Hypo Group must be budget-neutral, Mitterlehner told the Austrian broadcaster ORF. According to Mitterlehner, the approach must be found by the task force and the banks.

At the end of last week, the Austrian Ministry of Finance has received a final report on the resolution models. Mitterlehner underlined that he does not know the final report.…

This article includes a total of 507 words.

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