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Austrian Government and National Bank Against Return to Shillling

Politics ♦ Published: September 1, 2012; 14:38 ♦ (Vindobona)

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Federal Chancellor Werner Faymann and Governor Ewald Nowotny oppose to the idea of returning to Austria´s former currency.

Austrian Government and National Bank Against Return to Shillling / Picture: © Wikimedia Commons / Blackfish [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Frank Stronach, who will candidate at the next federal election in 2013 and the opposition leader Heinz-Christian Strache want Austria to leave the Eurozone.

For Ewald Nowotny, the calls for returning to the Shilling are “nothing but populism”. Leaving the Eurozone would be “completely absurd” for Austria and an “economic catastrophe”. Such an alternative must be…