„Combining Austerity and Growth Measures“

More+Comment ♦ Published: May 11, 2012; 15:57 ♦ (Vindobona)

The Austrian Minister of Economics and the President of the Austrian Chamber of Commerce claim a European growth strategy without turning down austerity policies.

„Combining Austerity and Growth Measures“ / Picture: © Vindobona.org

“Not growth instead of austerity, but growth and austerity is the right concept for Europe to manage the economic and debt crisis.” Christoph Leitl, President of WKO (Austrian Chamber of Commerce) said.

For Leitl, an unemployment rate of 10% and a youth unemployment rate above 50% in Southern EU member countries are not acceptable. The Fiscal Treaty must be complemented with…