Adequate resolution
Austria has offered 1.2 bln euros to Bavaria to compensate for state bank BayernLB’s investment in the remains of Hypo Alpe Adria. Given Heta is a test case for rescuing banks without taxpayer cash, that’s just as well. It implies not all bail-ins need to end in court.
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.