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„Debt Brake“ for Austrian Government
Politics ♦
Published: November 15, 2011; 19:47 ♦ (Vindobona)
As the Austrian government fears a downgrade of its rating, the coalition partners agreed to install a „debt break“. Reactions are ambiguous.
„Debt Brake“ for Austrian Government / Picture: © Vindobona.org
The Austrian government stated to install a “debt break” into the constitution. Until 2017, the structural deficit should decrease by 0.75% of the GDP annually. By 2017, deficit should amount to 0.35% at most.
The Federation of Austrian Industries reacts positively to the announcement. A long-lasting claim will be fulfilled now. “This is the right way in order to create the…
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