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Austria: Banks Indignant At Chancellor Faymann

Published: August 9, 2013; 16:38 · (Vindobona)

Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.

Austria: Banks Indignant At Chancellor Faymann / Picture: © Flickr / Werner Faymann, Thomas Jantzen

The Social Democrats want to score with the claim for higher tax for millionaires and banks. “We do not want to lower the bank levy but prolongue it so that billions will be paid from this sector which are urgendtly needed for other tasks of the state. This has to be said before the elections,” Chancellor Faymann recently announced. The banks on the other side reject this idea.…

This article includes a total of 422 words.

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