Risk of Default of Federal Investments for 330 Million Euro

Politics ♦ Published: October 29, 2010; 13:26 ♦ (Vindobona)

The State bought high-risk securities in 2007 and 2008. These show a high risk of default since the financial crisis. The State wants to get rid of these securities by next year.

Risk of Default of Federal Investments for 330 Million Euro / Picture: © Der Rechnungshof

The Audit Court  (Rechnungshof) has submitted a report to the Bundesfinanzierungsagentur (ÖBFA, Austrian Federal Financing Agency). The agency manages the debt of the Republic of Austria and also owns securities. Owing to the economic crisis, a significant part of these securities has turned into risky investments.

The extent of the risk of default risk of these securities…

or Log In

Fast News Search
Related News
New Westbahn Claims Unjustified Subsidies for the ÖBB (October 20, 2010)
Austrian Federal Railways in Debt Crisis (October 19, 2010)
Tax Evaders Targeted by the Ministers of Finance (October 18, 2010)
WIFO-Boss Aiginger Calls Government for Economization (October 17, 2010)
Wilhelm Molterer: Management Consultant Since Early October (October 12, 2010)
Skylink: Position on the Report of the Audit Court (October 4, 2010)
Austria exceeds the Maastricht GDP reference value by 0.5% (September 30, 2010)
The high debt burden of Austria as target for speculators (July 9, 2010)
Read More
Capital Markets, OEBFA Austrian Federal Financing Agency, Credit Default, Financial Industry, Loans, Funding, ACA Austrian Court of Audit - Rechnungshof, Illiquidity, Bond Market, Fiscal Policy, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Public Debt
Featured
Coronavirus in Austria: Live-Ticker
Coronavirus in Austria: Update
Austrian Measures against the Novel Coronavirus
Is Vienna Prepared for the Novel Coronavirus?
Coronavirus Outbreak in Austria: Current Risk Assessment
Coronavirus: Temperature Checks Effective Immediately at Vienna Airport
See latest Vindobona Newsletter