China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

January 2007

Vienna bourse sows the seeds of good neighbourliness

by Florian Neuhof

In spite of all the takeover talk among major global exchanges, and the heavy consolidation in eastern Europe’s banking sector, not everyone believes that acquisitions are the only way to expand business in the region. Florian Neuhof talks to Heinrich Schaller, joint CEO of the Wiener Börse, who outlines his vision of cooperation with the developing regional exchanges.


The alternative AIM “I WOULD DESCRIBE us as a bridge to the east,” says Heinrich Schaller, joint CEO of the Wiener Börse, sitting in his spacious office, which boasts stylish modern interior design. The office is situated in the grand, old-world architecture of the Vienna stock exchange building. Vienna, a former imperial capital, has a long history as the political and economic hub of central and southeastern Europe. Old habits die hard. And so, like Schaller’s environs, the activities of his bourse can be seen in the context of the past....


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