Hungry Hypos

26 Feb 2014 By Dominic Elliott, Neil Unmack

Vienna is mulling letting Hypo Alpe Adria fail after a 4.8 bln euro bailout. Bondholders should be bailed in, but most are covered by a guarantee from the local state. Haircutting them would be politically messy and a headache for Austria’s other state-supported mortgage banks.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)