Relevant:
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- There's A New Twist In The Austrian Bad Bank Saga - Coppola
- Austria Just Announced A 54% Haircut Of Senior Creditors In First "Bail In" Under New European Rules
- Bundesbank Tells German Heta Creditors: Expect to Lose Half
2015-04-25 — zerohedge.com
``As it was revealed in late March, the issues for Carinthia, the home province of doubly defunct lender Hypo Alpe Adria, is that the Heta bonds were guaranteed by the state of Carinthia which is now liable for the bail-in... Yesterday, Carinthia officially asked Vienna for financial support, saying it will run out of money by the beginning of June without external help...''
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