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„Debt Brake“: Government Tries to Persuade Opposition
Politics ♦
Published: November 19, 2011; 16:05 ♦ (Vindobona)
This week, the Austrian government announced to insert a maximum debt level into the constitution. The approval of one opposition party is still missing.
„Debt Brake“: Government Tries to Persuade Opposition / Picture: © Vindobona.org
In order to maintain the AAA-rating, the Austrian government decided to install a “debt break” into the constitution. Yesterday the government started negotiation talks with the three opposition parties in order to reach the approval of at least one of them. The coalition between the social democrats and the people´s party needs to get a two-third majority, which means that the…
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