Tag Archives: Austria

From 1933 to 11 March 1938, Austria was ruled by the clerical fascist Fatherland Front in a regime called the Austrian Federal State.The two dictators of Austria in this period were as follows:Dictators of the Austrian Federal State 5 March 1933–25 July 1934 – Engelbert Dollfuss 29 July 1934–11 March 1938 – Kurt SchuschniggAlthough the Fatherland Front had some anti-capitalist elements, the fact is that in power Engelbert Dollfuss and Kurt Schuschnigg pursued spending cuts, austerity, budget...

At Forbes, I have posted the latest episode in the long-running saga of the failure of Hypo Alpe Adria: The story of the failed Austrian bank Hypo Alpe Adria (HAA), and its transformation into the world’s worst “bad bank” – the insolvent HETA – resembles a Hollywood blockbuster. Complete with a cast of thousands, colorful principal characters, an extraordinary range of special (legal) effects and a reach far beyond its national borders, the HETA saga is long, staggeringly expensive,...