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Austria Benefits from Low Loan Interest Rates
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Published: December 13, 2010; 23:03 ♦ (Vindobona)
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Because of low interest rates and spreads, Austria is able to get convenient financing on the loan market. Euro-bonds would mean significant costs for Austria.
Austria Benefits from Low Loan Interest Rates / Picture: © Flickr / Werner Faymann
For the Minister of Finance, the coming year will bring a slight improvement. The financial needs of the state are expected to fall, because on one side stimulus programs are ending and on the other new taxes are are being introduced. In addition, bank assistance which was for a total of € 5bn is to be paid back gradually.
A new bond financing for € 22bn to € 24bn is…
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