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Austria's Finance Minister Mayr Must Explain Letter to Brussels in Austrian Parliament
Finance Minister Gunter Mayr is facing a political test. At the initiative of the SPÖ, the Standing Subcommittee on EU Affairs must meet to discuss the letter with which the coalition negotiators wanted to avert the threat of deficit proceedings by the EU. According to regulations, the meeting must take place within the next two weeks. The focus will be on the planned austerity measures amounting to 6.4 billion euros outlined in the letter to the EU Commission.
Austria's Finance Minister Mayr (l.) met with EU Commissioner Valdis Dombrovskis (r.) to negotiate the package of measures to avert an EU deficit procedure. / Picture: © EC European Commission
The letter, which Mayr forwarded to the EU as an intermediary for the coalition negotiators, contains a list of savings measures that are to take effect this year in particular. Concrete plans include the abolition of the climate bonus and educational leave. However, the government remains vague in other areas. For example, there are hardly any details on planned cuts to subsidies or…
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