
BAWAG (German language: Bank für Arbeit und Wirtschaft) is a bank in Austria. On October 1, 2005, it merged with the separate Österreichische Postsparkasse (P.S.K.) to form the `Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG`, shortened as BAWAG P.S.K.. The Austrian company BAWAG is owned by the American company Cerberus.....
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http://en.wikipedia.org/wiki/BAWAG

(from the article `Austria`) ...Austrian People`s Party (ÖVP), the senior partner in the outgoing ruling coalition. The SPÖ suffered a setback in March following a scandal that ...
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http://www.britannica.com/eb/a-z/b/33
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