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Austria: Bank Participation for Hypo Off
People ♦
Published: February 10, 2014; 17:43 ♦ (Vindobona)
A participation model with Austrian banks can be ruled out for ailing Hypo Group. Instead, a more expensive version will be applied.
Austria: Bank Participation for Hypo Off / Picture: © Wikipedia / JJ55 (30 March 2008)
The Austrian government was not able to win over domestic banks to participate in a downsizing unit of nationalized problem bank Hypo Group Alpe Adria. Now, Hypo will be liquidated as a national institution, which will push up state debts.
Only two weeks ago the officials were positive about the realization of the participation model. According to estimates, which were presented…
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