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Hypo Alpe Adria Bondholders Accept Haircut

Summary:
In the FT, Ralph Atkins and Thomas Hale report that senior creditors will effectively receive 90 percent of their money back. An earlier post covered the background of the bank failure.

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In the FT, Ralph Atkins and Thomas Hale report that senior creditors will effectively receive 90 percent of their money back.

An earlier post covered the background of the bank failure.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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