Selling of Hypo Group Would Cost Austria Dearly

Politics ♦ Published: April 29, 2013; 18:58 ♦ (Vindobona)

The selling of Hypo Group would cost the Austrian state around € 16bn.

Selling of Hypo Group Would Cost Austria Dearly / Picture: © KPMG - Pressefoto Gottwald Kranebitter

According to an internal record of the Austrian National Bank (OeNB), which was reported about by magazine “profil”, the state of Austria would be burdened with € 14bn of a total of € 16bn. The bank was nationalized by forced in 2009. The figure covers the estimates of the paper of the Finance Ministry which was made public at the beginning of April. In the paper of the Finance…

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