Austrian Governing Parties Disagree on EU Budget

Politics ♦ Published: February 11, 2013; 23:45 ♦ (Vindobona)

The Austrian people´s party (ÖVP) has criticized Federal Chancellor Werner Faymann (SPÖ). The social democrats argue that the coalition partner ÖVP has “no team sprit”.

Austrian Governing Parties Disagree on EU Budget / Picture: © Vindobona.org

In the financial period from 2014 to 2020, Austria loses almost the half of its discount. The net contributions total € 1.15bn per year. In 2011, Austria´s net contribution came at € 805m. In future, Austria will not only lose a substantial part of its discount, but also the subsidies will be cut. The discount will be cut from € 180m to € 104m per year. This is mainly due to…

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Werner Faymann, Brussels, Fiscal Policy, SPOE, OEVP Austrian Peoples Party, WIFO Austrian Institute of Economic Research, WKO Austrian Federal Chamber of Commerce, IV Federation of Austrian Industries, Margit Schratzenstaller, Georg Kapsch, Christoph Leitl, Andreas Schieder, Reinhold Lopatka
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