14 years ago, Carinthia narrowly avoided insolvency due to the bankruptcy of Hypo itself. Now the processing of the banking scandal is nearing completion. With unexpected good news – and 280 million euros in the state treasury, which should make all the difference.
The commission of inquiry into the hypo in the Carinthian state parliament came to an end without major surprises or findings – the current final accounts of the Carinthian compensation fund are all the more astonishing. This KAF was established in 2016 to find a solution with the then creditors of the country. Since then, secured debt instruments have been managed in the dedicated financial vehicle and repurchased by creditors from around the world.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
