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Doubt About Austerity Package

Published: March 15, 2012; 19:37 · (Vindobona)

Austria´s Finance Minister Fekter had to defend the government´s austerity package again. Experts are in doubt about the successful implementation.

Doubt About Austerity Package / Picture: © ÖVP Bundespartei / Jacob Glaser

For experts, who were invited by the opposition parties FPÖ, Greens and BZÖ, the government is too optimistic regarding the austerity package. Above all, the financial transaction tax is not fixed at all. According to the government´s plans, € 1.5bn should be earned until 2016. Experts criticized that concrete tax intakes are hard to predict. Moreover, the introduction of a…

This article includes a total of 213 words.

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