Finance against delaying NLB sale any longer
he paper offers the example of the Austrian bank Bawag and German Commerzbank in support of its argument that the time to sell NLB is right, saying that economic growth is strong and global stock indexes are at record highs.
The paper also disagrees with the belief that it does not make sense to sell NLB now because the bank is in good shape now; while it agrees NLB's performance is really good, it says that Bawag's is too and still the US fund Cerberus decided to sell its stake in the bank.
Considering the several billion euro pumped into NLB, Finance says that the government owes it to the taxpayer to sell NLB fast and as a whole.
"We are now in a period when the bank can be sold well and it would be ethical of Miro Cerar to stop looking for excuses for the taxpayer and the European public why not sell the bank - but simply sell it. A three-year deferral is a spit in the face of the taxpayer", concludes the paper under the headline saying the same.