Austrian Industry Underlines Austerity Policy

Politics ♦ Published: April 17, 2012; 17:33 ♦ (Vindobona)

After the rating agency Fitch retained Austria´s triple A, the Austrian industry sees a confirmation of the need for austerity. Finance Minister Fekter emphasized to push for further reforms.

Austrian Industry Underlines Austerity Policy / Picture: ©

„The confirmation of Austria´s triple A by Fitch is a major success for the Austrian business location. This is due to the reforms such as the debt brake and the austerity package.” General secretary Christoph Neumayer at IV (Federation of Austrian Industries) said.

IV reaffirms the need for “reducing public expenses reasonably”. Neumayer: “Fitch confirmed that…