Austria: New Government Already Disappoints in the First Week

People ♦ Published: December 23, 2013; 06:41 ♦ (Vindobona)

In 2014, Austria will not achieve its fiscal objectives, new Minister of Finance Michael Spindelegger admitted. Austria´s fiscal situation is observed critically. The country faces a new austerity package.

Austria: New Government Already Disappoints in the First Week / Picture: © Vindobona.org

Last week, the new Austrian government was appointed by President Heinz Fischer. After two and a half months of coalition talks, the former coalition parties SPÖ and ÖVP agreed on continuing their co-operation. In essence, the cabinet remained unchanged. As a result, experts fear that the new cabinet is nothing more than “more of the same”.

New Minister of Finance, chairman…

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Michael Spindelegger, S & P, Fiscal Policy, EC European Commission, SPOE, Heinz Fischer, OEVP Austrian Peoples Party, Budget Deficit, Public Debt, Ratings
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