Austrian help for Carinthia in Heta not boundless: Schelling

April 13, 2015 3:07 PM

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Austrian help for Carinthia in Heta not boundless: Schelling

VIENNA (Reuters) - Austria is not prepared to provide unlimited help to the province of Carinthia as the region comes to grips with its debt guarantees for the "bad bank" Heta [HAABI.UL], Finance Minister Hans Joerg Schelling told the magazine Der Boersianer.

A capital hole at Heta, which is winding down the remnants of defunct lender Hypo Alpe Adria, prompted the FMA financial watchdog to take control of the vehicle last month and freeze debt repayments until the end of May 2016.

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