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Headline: A sovereign in search of liquidity Source: Euromoney Date: January 2001 Author: Philip Moore “If Austria’s capital market can be proud of one thing above all else,” says a foreign banker in Vienna, “it is the performance of the Federal Financing Agency. I would say that in sophistication and risk management Helmut Eder and his team are one of the top five borrowers in Europe.” That’s high praise, although not even Eder, managing director of the agency responsible for borrowing on behalf of the AAA-rated Republic, could legislate for the perceived political risk arising from the inclusion of Jörg Haider’s Freedom Party in Austria’s coalition government. |
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