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Austrian Industrial Sector Pushes for Austerity

Published: May 22, 2012; 17:57 · (Vindobona)

The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.

Austrian Industrial Sector Pushes for Austerity / Picture: © Flickr / Michael Thurm

The Federation of Austrian Industries pushes for further austerity programs. This would be possible without damaging prosperity or the economic performance.

So, IV´s chairman Veit Sorger underlines the necessity to continue the austerity strategy. A reduction of public expenses by 4% per year would reduce the public debt ratio beyond 60% until 2016. Above all, reforms in the…

This article includes a total of 249 words.

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