Austria: Is Spindelegger Suitable as Finance Minister?

PeoplePoliticians ♦ Published: April 28, 2014; 15:13 ♦ (Vindobona)

On Tuesday the Austrian Finance Minister will hold his first budget speech. Initial figures reveal record debt levels.

Far-reaching reforms are now required to balance out the burdens for the budget. / Picture: ©

The budget speech by Finance Minister Michael Spindelegger on Tuesday is already casting shadows. Initial figures have leaked through and reveal a new record in the debt rate. The escalating debate about a “messed up” business location, as described by head of the WKO (Austrian Chamber of Commerce) Christoph Leitl, the demands for a soon relief of the tax burdens and the high…