Linz swap deal row moves to next stage


A special supervisory committee held another meeting about the swap business in Linz, which has made high losses. They discussed a guide for the next meetings. The committee will continue to meet for the foreseeable future. In 2007, the city of Linz concluded a form of a rate-interest bet in order to secure an expiring […]

Austria may be next victim of Euro zone debt crisis


The US website Daily FX Market News and Analysis reported today that Austria may well be the next victim of the Euro zone debt crisis. This has to do with Eastern and Central European countries having taken a good part of their debt in Swiss Francs to take advantage of Switzerland’s low interest rates. Daily […]