Austria: Guarantees Reach Half of Public Debt

Business › Economy ♦ Published: July 30, 2012; 17:13 ♦ (Vindobona)

Among EU members, only Ireland has more guarantees as a percentage of GDP.

Austria: Guarantees Reach Half of Public Debt / Picture: © Vindobona.org

At the moment, Austria´s public debt level is in the middle field among the EU member countries. However, there is still the danger of guarantees. Austria´s guarantees expressed as a percentage of GDP is significantly higher than the EU-average.

According to latest calculations by Statistics Austria, government debt amounted to € 222.6bn or 73.5 % of GDP on 31.03.2012.…

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