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Austria: Public Debt Has Reached New High
Politics ♦
Published: January 12, 2013; 15:16 ♦ (Vindobona)
At the end of 2012, Austria´s financial debt has totaled € 189.5bn. Against 2011, this is an increase of € 6.5bn.
Austria: Public Debt Has Reached New High / Picture: © Vindobona.org
Due to the banking package, Austria´s financial debts rose further last year. At the end of 2011, the total financial debts reached € 183.2bn. In 2012, financial debts were up by 3.8%. However, foreign currency debts were reduced to from € 2.6bn to zero. In 2009, foreign currency debts came at € 16.8bn.
This year, Austria´s new financial debts are expected to come at €…
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