We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Het’s be friends

9 March 2016 By Neil Unmack

Bondholders of bust bank Heta rejected a payback offer from Austria. Heta’s guarantor, a province, faces ruin. In an ideal world, bank creditors are held to account and governments ensure insolvency is predictable and fair. But this is Austria, where two wrongs can make a right.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)