Austrian Guarantees Total € 80bn

Politics ♦ Published: August 27, 2012; 17:24 ♦ (Vindobona)

In the worst case, Austria´s public debt quota may increase up to 100%, the Austrian opposition warns.

Austrian Guarantees Total € 80bn / Picture: © European Commission

In the worst case scenario the EU, the IMF and the ECB could lose about € 2,200bn. This is the sum owed by Greece, Spain, Italy, Portugal and Cyprus. The amount of € 2,200bn also contains the safety net of EFSF and ESM. Austria´s liabilities come at € 80bn, the German economic research institute ifo says. Germany´s guarantees come at € 779bn, France has to bear €…