26 Mar 2015
Investment
Hypo Alpe Adria is Austria’s Hades
The Hypo Alpe Adria scandal, which threatens to bankrupt the Austrian province of Carinthia, started about two decades ago. Back in 1992 the small provincial bank had a balance sheet total of ÖS 26 billion (Austrian schillings), equivalent to €1.89bn, but was about to become a major player in the Balkans thanks to the burning […]
