https://feeds.thelocal.com/ Read the latest news and views from Austria in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Austrian Finance Minister Hans Joerg Schelling said Wednesday an agreement in principle had been reached with the stricken Hypo bank's creditors that had threatened to bankrupt the state of Carinthia. https://www.thelocal.at/20160518/agreement-reached-on-failed-bank-bailout Thu, 19 May 2016 01:44:03 +0200 agreement-reached-on-failed-bank-bailout Austria's cash-strapped state of Carinthia edged closer to bankruptcy Thursday after creditors rejected its plea to forgive some of the debts owed by stricken state lender Hypo Group Alpe Adria (HGAA). https://www.thelocal.at/20160121/bankers-say-no-to-kraenten Thu, 21 Jan 2016 18:45:15 +0100 bankers-say-no-to-kraenten Austria's cash-strapped state of Carinthia has asked creditors to write off some of the debts owed by its stricken state lender, in a bid to avoid possible bankruptcy. https://www.thelocal.at/20160120/austrian-state-asks-creditors-to-slash-debt-to-avoid-bankruptcy Wed, 20 Jan 2016 15:28:28 +0100 austrian-state-asks-creditors-to-slash-debt-to-avoid-bankruptcy Austria has agreed to pay the German state of Bavaria €1.23 billion ($1.07 billion) to end a bitter and long-running dispute over a bank deal that went disastrously sour. https://www.thelocal.at/20151112/austria-and-bavaria-bury-hatchet-over-bank-dispute Thu, 12 Nov 2015 10:14:03 +0100 austria-and-bavaria-bury-hatchet-over-bank-dispute Austria's Constitutional Court has overturned a law that had cancelled nearly a billion euros of debt owed by defunct bank Hypo Alpe Adria, saying some creditors were treated unfairly. https://www.thelocal.at/20150729/heta-law-declared-unconstitutional Wed, 29 Jul 2015 12:30:00 +0200 heta-law-declared-unconstitutional Austria has offered to pay Bavaria at least €1.23 billion ($1.36 billion) to settle multiple court cases relating to its "bad bank" Heta. https://www.thelocal.at/20150707/austria-moves-to-settle-heta-cases-with-bavaria Tue, 07 Jul 2015 12:30:26 +0200 austria-moves-to-settle-heta-cases-with-bavaria Austria’s “bad bank” Heta Asset Resolution, set up to hold the non-performing assets of the failed Hypo Alpe Adria bank, requires an additional capital injection of €7 billion ($7.9 billion), according to the latest financial statement. https://www.thelocal.at/20150618/bad-bank-heta-has-7-billion-euro-capital-hole Thu, 18 Jun 2015 12:59:11 +0200 bad-bank-heta-has-7-billion-euro-capital-hole The Austrian state of Carinthia has filed a lawsuit against the family of far-right politician and former governor Jörg Haider, who died in a car crash in 2008. https://www.thelocal.at/20150611/carinthia-seeks-damages-from-haider-family Thu, 11 Jun 2015 13:20:41 +0200 carinthia-seeks-damages-from-haider-family Austria’s Finance Minister Hans Jörg Schelling has approved an agreement with Carinthia over a €343 million ($385 million) loan which the province needs to avoid an immediate insolvency, after weeks of tough negotiations. https://www.thelocal.at/20150520/carinthia-given-343-million-lifeline Wed, 20 May 2015 12:17:00 +0200 carinthia-given-343-million-lifeline Negotiations are continuing on Monday between the government of Carinthia - the home province of defunct lender Hypo Alpe Adria - and ministers in Vienna. https://www.thelocal.at/20150427/carinthia-asks-vienna-for-financial-support Mon, 27 Apr 2015 14:17:00 +0200 carinthia-asks-vienna-for-financial-support Austria’s Association of Parliamentary Editors has criticised the parliamentary investigation into the Hypo bank disaster. https://www.thelocal.at/20150413/hypo-investigation-not-open-and-transparent Mon, 13 Apr 2015 12:54:30 +0200 hypo-investigation-not-open-and-transparent Bank deposits in Austria will no longer be protected by the state in the event that a bank fails, according to new legislation which will come into force in July. https://www.thelocal.at/20150410/bank-deposits-no-longer-guaranteed-by-state Fri, 10 Apr 2015 17:35:27 +0200 bank-deposits-no-longer-guaranteed-by-state Witness testimony begins on Wednesday in the parliamentary investigation into the mismanagement of Austria’s defunct Hypo Alpe Adria bank - the country's worst postwar financial scandal. https://www.thelocal.at/20150408/witnesses-called-into-hypo-bank-collapse-inquiry Wed, 08 Apr 2015 14:21:29 +0200 witnesses-called-into-hypo-bank-collapse-inquiry The Chief Executive of German lender BayernLB, Johannes-Jörg Riegler, has said Austria is trying to escape its responsibilities in the Hypo banking affair. https://www.thelocal.at/20150326/bayernlb-boss-slams-austrian-government Thu, 26 Mar 2015 10:48:33 +0100 bayernlb-boss-slams-austrian-government Austria could face years of legal battles over its decision to pull support of its "bad bank" Heta, the German BdB banking federation warned on Tuesday. https://www.thelocal.at/20150324/austria-could-face-years-of-legal-battles-over-heta Tue, 24 Mar 2015 14:11:00 +0100 austria-could-face-years-of-legal-battles-over-heta German banks could face substantial losses from a looming haircut on their loans to Austria’s so-called “bad bank” Heta, but the losses will be manageable, rating agency Fitch said on Thursday. https://www.thelocal.at/20150312/german-banks-face-big-losses-from-austrias-hypo Thu, 12 Mar 2015 14:51:20 +0100 german-banks-face-big-losses-from-austrias-hypo Jörg Haider may be long dead, but the colourful far-right politician who praised Hitler's "orderly" employment policies is coming back to haunt Austria's public finances, potentially with wider reverberations throughout the eurozone. https://www.thelocal.at/20150311/haider-comes-back-to-haunt-austrias-finances Wed, 11 Mar 2015 10:17:29 +0100 haider-comes-back-to-haunt-austrias-finances Austria’s Finance Minister Hans Jörg Schelling (ÖVP) has rejected a comparison between the Hypo Alpe Adria bank “bail-in” and the economic situation in Greece as "completely inappropriate". https://www.thelocal.at/20150309/inappropriate-to-compare-austria-to-greece Mon, 09 Mar 2015 19:22:37 +0100 inappropriate-to-compare-austria-to-greece Austria has announced it is halting payments on more than €11 billion ($12.28 billion) in debts of the failed Hypo Alpe-Adria-Bank International AG until it has found a way of winding down the bank without imposing more costs on taxpayers. https://www.thelocal.at/20150302/austria-stops-payments-on-hypo-debts Mon, 02 Mar 2015 09:40:00 +0100 austria-stops-payments-on-hypo-debts According to a report from Reuters, a consortium including U.S. investor Excellere Capital Group is seeking to acquire the 'bad bank' formed as part of the process of disposing of the assets of the failed Austrian bank, Hypo Alpe Adria. https://www.thelocal.at/20150211/would-you-buy-this-bank-for-a-dollar Wed, 11 Feb 2015 21:59:13 +0100 would-you-buy-this-bank-for-a-dollar