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„Austria Is Threatened by a National Bankruptcy“

Published: June 20, 2012; 20:05 · (Vindobona)

The Austrian economist Eva Pichler warns of the ESM and appeals on the Austrian Parliament not to ratify the „recue package“.

„Austria Is Threatened by a National Bankruptcy“ / Picture: © European Commission

In an interview with the Austrian newspaper „Kleine Zeitung“, the economist Eva Pichler said that Austria´s solvency would be endangered. The ESM (European Stability Mechanism) may threaten Austria´s finance severely.

For Pichler, the ESM is nothing else than an „undemocratic locked-in treaty“. The sovereignty of Austria would be endangered. As Austria´s inofficial…

This article includes a total of 249 words.

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