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Austrian Government Pushes for Further Austerity Measures

Published: November 26, 2011; 13:32 · (Vindobona)

The Minister of Finance, Maria Fekter, did not exclude an austerity package. First effects should be seen already in 2012. However, it is not clear yet if economic forecasts for the next year will hold.

Austrian Government Pushes for Further Austerity Measures / Picture: © Flickr

In order to maintain the triple-A rating, the Austrian government once more emphasized the need for further austerity measures. According to the people´s party (ÖVP), a further belt-tightening is needed. The first steps must be resolved at the beginning of 2012, the Minister of Foreign Affairs and head of ÖVP, Michael Spindelegger stated. “We want to observe first structural…

This article includes a total of 357 words.

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