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Österreichische Kontrollbank: "There are no Failures to be Feared"
People ♦
Published: March 12, 2011; 00:27 ♦ (Vindobona)
Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.
Österreichische Kontrollbank: "There are no Failures to be Feared" / Picture: © Wikipedia / Wolfgang H. Wögerer
Despite his cautious optimism, Scholten would currently not take on new state insurance for exports and investments in North Africa’s unstable countries.
The sum of liabilities, which the Republic of Austria has made available for the exports of domestic companies are in the high three-digit million range. Especially high are the state’s export guarantees to Egypt,…
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