Austerity Package Threatens to Fail

People ♦ Published: March 2, 2012; 11:30 ♦ (Vindobona)

The strict timeline of the Austrian austerity package could cause its preliminary failure. Federal President Fischer says not to have enough time to control the act.

Austerity Package Threatens to Fail / Picture: © Flickr / Multimedia-Blog's

The austerity package, which is planned to be introduced by April 1st, could be postponed. After Federal President Heinz Fischer criticized the government for the timeline, which is “precipitate” for Fischer, the Ministry of Finance reacted immediately. A later date of coming into force would be “no problem”. The austerity package could then come into force by May…