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Cernko: „Triple A Only in the Medium Term“

Published: February 16, 2012; 14:33 · (Vindobona)

Bank Austria´s CEO Willibald Cernko does not think that Austria re-gains its “AAA” status within the next three years.

Cernko: „Triple A Only in the Medium Term“ / Picture: © UniCredit Bank Austria

Cernko expects that Austria has still a lot of work to do before the “AAA” rating can be re-gained. It will last for several years, Cernko said. Perhaps in three to six years, Austria could get the “AAA” status back.

For Cernko, an exit of Greece out of the euro-zone is not realistic. “Europe will examine that very thoroughly. This would question the whole European…

This article includes a total of 382 words.

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