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Rothensteiner Against Bank Insolvencies

Published: March 24, 2012; 14:08 · (Vindobona)

Raiffeisen Zentralbank´s CEO Walter Rothensteiner is against the discussion about bank insolvencies.

Rothensteiner Against Bank Insolvencies / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

The Austrian government plans to introduce a bank insolvency act. For Rothensteiner, this issue is problematic, as bank insolvencies would be an “adequate mean to ruin an economy”.

“I am unpleased with the debate to let banks file for insolvency. It is too easy to say that a bank becomes insolvent, because it suggests that the bad banks disappear and the good banks remain.…

This article includes a total of 209 words.

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