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Austerity: Leitl and Sorger Call for More Effort

People ♦ Published: January 27, 2012; 19:17 ♦ (Vindobona)

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The Presidents of the Federation of Austrian Industries (IV) and the Chamber of Commerce (WKÖ) aim for re-gaining the “AAA” for Austria. The government should cut expenses instead of rising taxes.

Austerity: Leitl and Sorger Call for More Effort / Picture: © Vindobona.org

Leitl and Sorger reaffirmed that the government has to begin with overdue structural reforms in order to restructure public finance and to re-gain the lost triple-A. Another tax increase would be extremely disadvantageous to the Austrian business location. Economic growth could be reduced further, which would cost jobs.

“Austria lost competitiveness over the last years. Not…