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: ©

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.…