Carinthia Approves Heta Tender as Creditors Repeat RefusalBy
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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