Austria "Bad Bank" Goes Bad, $8.5 Billion "Bail-In" Underway
MishTalk
MARCH 1, 2015
The step, allowed by new legislation that gives banking supervisors more power to intervene, followed an outside audit of Heta''s balance sheet that exposed a capital hole of up to 7.6 In an absurd statement, the finance ministry added "Heta was not insolvent". billion euros ($8.51 More than 9.8 Not Insolvent?!
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