Hedge Funds Invest in Austrian Bank Loathed by Taxpayers

Bloomberg – Klagenfurt has long been a magnet for visitors from around the world, attracted by the idyllic Woerthersee lake and the Karawanken mountain range that the region shares with Slovenia.

Now this city of 97,000, the capital of the Austrian state of Carinthia, is attracting a new crowd, one that isn’t interested in the scenery as much as in the leftovers of the country’s biggest bank failure since World War II.

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