The BAWAG bank affair of huge speculative losses and involvement with the since-bankrupt US brokerage firm Refco hit the opposition Social Democrats (SP) “like a comet”, party leader Alfred Gusenbauer said on the Sunday before last. Previously, the Social Democrats had been in a “high” following a string of local and provincial election successes, Deutsche Presse-Agentur (dpa) reported.
Now the mood has been dampened. The situation was “not easy”, but it would be exaggerated to speak of his pa...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now