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Austrian Banks in CESEE „Too Ambitious“
Politics ♦
Published: July 2, 2012; 15:39 ♦ (Vindobona)
For the IMF, Austria´s economy is „well situated“. The austerity package is „adequate“.
Austrian Banks in CESEE „Too Ambitious“ / Picture: © Vindobona.org
In many countries, the International Monetary Fund fear a sudden slump in demand, which could cause a recession. However, the IMF regards the Austrian economy to perform well. The speed of the budget consolidation and the austerity package would be „adedquate“.
At the moment, the biggest danger for Austria´s economy is a sharpening of the financial crisis of the Eurozone.…
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