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Task Force: Time Is Running out for Hypo Group

Published: March 11, 2014; 19:30 · (Vindobona)

The final report by the task force of problem bank Hypo Group Alpe Adria calls upon the Austrian government to make a decision about the downsizing until mid-March.

The task force's deadline for making a decision is mid-March instead of the end of the month otherwise there is an imminent danger of insolvency. / Picture: © Flickr

As reported by Austrian daily “Kurier”, the deadline for the government’s decision about the downsizing method, according to the task force is mid-March instead of the end of the month otherwise there is an imminent danger of insolvency.

While Finance Minister Michael Spindelegger announced wanting to decide about the problem’s bank fate until the end of March, experts of…

This article includes a total of 282 words.

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