Carinthia Approves Heta Tender as Creditors Repeat Refusal

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  • Province throws EU800m home loans into funding collateral pool
  • Creditors say insolvency threat so damaging it isn't credible

The Austrian province of Carinthia, creaking under debt guarantees for its state bank pledged in the 2000s, approved on Thursday a plan to borrow 1.2 billion euros ($1.3 billion) to help pay off creditors.

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