The CEO of Oesterreichische Volksbanken says partial nationalization of his bank is not in the cards but seeking a partner is an option.
Austrian banking system has been in focus this week as the government was forced to nationalize Hypo Group yesterday. Exposure to Eastern Europe is hurting Austrian banks, and in turn, the Euro.
EUR/USD has dipped back to 1.4550 after a rally to the mid-1.4560s.
