It can all be gone, or just a part – or, in the best case, Wien Energie will even make profits on the stock market again and no more tax money has to be injected into the already mandatory deals of the municipal Viennese energy company: In the morning has the finance minister signed the billion-euro contract, which makes state aid for the electricity group of the Viennese SPÖ mayor possible.
For all Austrians, this is the beginning of a trepidation: With the 10 billion in this protective shield from the federal government, the Wien Energie managers are supposed to add money to their electricity deals if this is needed. According to experts, this is “an unlimited risk” – many billions more could be destroyed due to “unfavorable leverage” in speculation.
While Vienna’s mayor Michael Ludwig (SPÖ) is still trying to downplay this financial disaster of his energy company, the calls for resignation are getting louder: Both he and his finance councilor Peter Hanke should finally take responsibility and withdraw from politics, says such as the FPÖ.
As we reported, Ludwig single-handedly ensured that Wien Energie received EUR 700 million in Viennese tax money on July 15 – and only last Monday did he have another EUR 700 million sent to the electricity company. The two loans with a total value of 1.4 billion euros (!) were not discussed with the municipal council or the finance committee.
The Viennese SPÖ boss is also being sharply criticized because he must have known about the massive problems at Wien Energie since July 15 – and has not informed anyone about it.