Spindelegger: “Hypo Already Burdened Budget in Past”

People ♦ Published: February 13, 2014; 15:01 ♦ (Vindobona)

The government has still not yet published figures in regard to the current fiscal burden emerging from the winding-up of problem bank Hypo Group Alpe Adria.

Spindelegger: “Hypo Already Burdened Budget in Past” / Picture: © Flickr / The Austrian Foreign Ministry

Ahead of the Finance Committee, Finance Minister Michael Spindelegger announced that the Hypo issue “enormously” burdened the tax payers in the past years and continues to do so in the future. He suggested stopping pretending like the issue has emerged in 2014 only.

The opposition has summoned an emergency meeting in the National Assembley for a discussion about Hypo Group…

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