Austrian Chamber of Economics Claims Growth Package

People ♦ Published: May 25, 2012; 16:54 ♦ (Vindobona)

Christoph Leitl, President of the Austrian Chamber of Commerce thinks that Austria and Europe would both need growth and austerity measures.

Austrian Chamber of Economics Claims Growth Package / Picture: © WIFO Wirtschaftsforschungsinstitut

“The current polarization between growth and saving is wrong. We need both in Austrian and in Europe.” Christoph Leitl says. Never before, public finance could be restructured without growth and employment, Leitl thinks.

Together with the director of WIFO Karl Aiginger, Leitl presented short and medium-term growth and employment measures.

Regarding economic growth,…