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Austerity: Unions Versus Industrialists
Politics ♦
Published: January 21, 2012; 12:23 ♦ (Vindobona)

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The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.

The Austrian trade unions (ÖGB) and the Chamber of Labor (AK) presented their strategy for the restructuring of Austria´s finance. By 2017, tax intake could rise by € 5.4bn. Both organizations argue that the rise of public debt is due to the crisis in the financial sector. As a consequence, workers shall not bear the burden. Further cuts for retirees are rejected as well. However,…
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