BAWAG scandal

Six years ago Bawag bank ( who is owned by trade union ÖGB) nearly had a crash because of suspect speculations in Caribic. ÖGB president Vertznetisch prevented the disaster. everybody of course knew about the disaster inside the financial circles. now that legistative elections will take place the scandal has been revealed . spö is hardly dammaged from this. It has lost its trade union president and has lost credebility.