Hypo Group Alpe Adria

Hypo Bank’s Financial Crisis Adds Pressure on Austria’s 2 Biggest Parties for Coalition

Hypo Alpe Adria, nationalized lender, is stuck in financial crisis. It has been said that by the time November ends, Hypo will not be having minimum capital requirements in state funds.

This situation has been adding pressure on Austria's two political parties to agree for forming a coalition. The Social Democrats (SPO) and People's Party (OVP) are trying to come up with a new government.


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