Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Smell Stop

Cosmo&Nanu

Greens and FPOE demand answers over Hypo

The Freedom Party and Green party have organised a parliamentary meeting next week to question the coalition government on their management of the wind down of ailing bank Hypo Alpe Adria.

They have criticised the leaders of both the Social Democrats and the People's Party for not providing enough information to the rest of parliament nor pressurising former Hypo owner Bayerische Landesbank for more financial support.

"Those who have to decide about the budget are not getting any information," said Green Party spokesperson for finance Werner Kogler.

The environmental Greens and the nationalistic Freedom Party have come together to argue that Hypo investors should be made to pay for more of the cost of creating a state vehicle 'bad bank' to absorb the toxic assets of Hypo.

"Everything must be tried to make BayernLB as the former owner pay as well. The funds and speculators which have benefited at the cost of taxpayers also have to pay," Kogler said.

Bayern LB had acquired a 50% stake in the Austrian bank in 2007 but decided they would no longer help to hold it up in 2009 by which time the nationalised bank had executed the fatal plan of expanding into southeastern European markets.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!




Tag cloud:
assets  Freedom  markets  toxic  creating  parliamentary  Greens  vehicle  fatal  owner  investors  Kogler  bank  BayernLB  funds  southeastern  taxpayers  European  absorb  Hypo


Latest News

 

Pressure Group To Tackle Victims Of Austrian Officialdom
A group of businessmen fed up at the way companies are being squeezed not only by red tape but also by ever newer taxes have taken to the Internet to try and build up pressure for change.

First Hotel in Millstatt Celebrates 130th Anniversary on Summer 2014
Luxury hotel See-Villa in Millstatt, Carinthia opens its doors anew to welcome the 2014 summer season and celebrates its 130th founding anniversary in Austria's summer capital.

Austrian Teen Girls Become Pin Ups For Syrian Jihad
Interpol is searching for two Austrian teenage girls who they believe have been tricked into going to Syria to fight on the side of Islamic rebels.

As seen at Haydn Kino: The Amazing Spider-Man 2
Film review by Kostyantyn Steblovskyy

Schools Ordered To Save, But Also To Buy Expensive Scales
Austria's embattled finance ministry has been dragged into a new scandal after it emerged that at the same time as demanding schools save 57 Millionen Euros, they were also expected to find an additional 3 million to buy an approved set of weighing scales.

OAP Hunts Down THIS Hit And Run Cyclist
Does anyone recognise this cyclist? If so you can get yourself 200 euros, and do a good deed in the process.

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Free Staff For One Person Companies - But Only In NÍ
Since the beginning of the year one-man-companies, the so called "Ein-Personen-Unternehmen" in Lower Austria have been entitled to help in the form of a free assistant.

What is on at Burg Kino this week? (18 April - 24 April)



This week at the Burg Kino on the Opernring the following films are showing:





Austria Accused Of Ignoring Giant Nazi Swastika
A huge swastika that has scarred the walls of an Austrian castle for the past 80 years is still on view despite breaching strict postwar rules banning all Nazi symbols.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers