Report Published: "Austria Business Forecast Report Q2 2014"
The government's final decision on how to address the wind down of nationalised lender Hypo Alpe Adria (HAA) will have a significant impact on the country's economic outlook over the coming years. We expect the government to establish a 'bad bank' to deal with HAA's toxic assets (totalling over EUR17bn), in a move that will improve confidence in the banking sector, but curtail the government's ability to increase current spending. However, we believe this effect will be mitigated by an...
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