Austria: „Death Blow for Economy“

Politics ♦ Published: June 17, 2013; 18:27 ♦ (Vindobona)

The Austrian Economic Association (Wirtschaftsbund) announced that the realization of all demands in the Austrian Trade Unions’ (ÖGB) leading proposal would come at € 21.9bn. The Austrian economy would be burdened with € 14bn.

Austria: „Death Blow for Economy“ / Picture: ©

The employer’s side has reacted to the Trade Unions’ proposal with heavy criticism, and just in time as the ÖGB’s congress will start tomorrow.

General Secretary of the Economic Association Peter Haubner called the realization of the Trade Unions’ leading proposal a “death blow for the Austrian economy”. According to estimates by the association, the demands of the…