Wednesday

27th Jul 2016

Ticker

Austria bank bail-out may need billions more in aid

Attempts to nationalise Austria's regional lender Hypo Alpe-Adria could cost an additional €3.6bn in state aid this year, reports The Financial Times. The bank has already cost the taxpayer €4.8bn. Austria’s central bank said the additional aid could push the national budget deficit above the EU's 3% limit.

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