Androsch Criticizes Political Inactivity

More+Comment ♦ Published: May 18, 2012; 16:45 ♦ (Vindobona)

The former Austrian Finance Minister and industrialist Hannes Androsch thinks that both austerity and growth strategies are needed and criticizes the government sharply.

Androsch Criticizes Political Inactivity / Picture: © AIC

In an interview with “Presse,”, Androsch underlines the necessity of the Fiscal Treaty. A common currency would need a minimum of common economic and fiscal policy. “But an excessive austerity policy does not help either. We also need economic growth.”

However, Androsch considers that economic growth must not be based on new debts. “The money exists, it is only…