| Author (Person) | Bryant, Chris |
|---|---|
| Series Title | Financial Times |
| Series Details | 15.6.11 |
| Publication Date | 15/06/2011 |
| Content Type | News |
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Austria postponed the sale of two Alpine peaks in June 2011 after a public outcry that underscored the challenges faced by cash-strapped governments that attempt to sell treasured national assets to raise funds. The Bundesimmobiliengesellschaft, or BIG, Austriaâs federal real estate company, proposed divesting two mountain peaks in eastern Tyrol for a minimum of â¬121,000, but public opprobrium put a brake on the sale. The agency received an avalanche of calls from irate Austrians, while a series of political figures spoke out against the privatisation. |
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| Countries / Regions | Austria |
