Eight years after Aleksandar Vucic rallied behind war-crimes suspects and tried to shield Serbia from western influence, he’s poised to take over the government after a March 16 election as a pro-European reformer.
Wolfgang Kulterer, a former chief of Hypo Alpe-Adria-Bank International AG, was sentenced to one more year in an Austrian jail, the third prison sentence he received for his role in the bank’s near-failure.
Vladimir Putin’s efforts to regain influence in Ukraine after the leader he campaigned for was overthrown will be quiet and less extreme than anything like military action, analysts from Moscow to London said.
Hypo Alpe-Adria International AG, the nationalized Austrian lender being wound down, is suing its former shareholders for 50 million euros ($69 million), arguing they falsified the bank’s 2007 balance sheet.
Austrian Chancellor Werner Faymann said the government is right to avert the collapse of Hypo Alpe- Adria-Bank International AG, as he cited the precedent of Creditanstalt, whose crash helped trigger the 1930s depression.
Hypo Alpe-Adria-Bank International AG, the nationalized Austrian bank, had two of its debt ratings cut four steps by Moody’s Investors Service as the Austrian government isn’t ruling out making the lender insolvent.
The Bosnian Federation government, half of Bosnia-Herzegovina’s dual ruling powers, called for early elections after hundreds of people were hurt in protests in the ex-Yugoslav republic’s worst violence since 1995.
Bosnian demonstrators in the mostly Muslim part of the divided country demanded the resignation of their federal government and said they’d push on with protests a day after authorities agreed to call early elections.