Bloomberg News

Austrian Chancellor Says Taxpayer Won’t Pay Volksbanken Rescue

February 28, 2012

Feb. 28 (Bloomberg) -- Austrian Chancellor Werner Faymann said the Alpine Republic’s citizens won’t be liable for a government decision to bailout Oesterreichische Volksbanken AG.

The bailout “was very important” and “will be funded by the banking sector and the owners,” Fayman said today in Vienna.

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net


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