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Doubt and Criticism on Austerity Package

Published: February 13, 2012; 12:54 · (Vindobona)

For the director of IHS, the austerity measures do not contain real reforms. The implementation could become difficult. Administration reforms and health system reforms are too low, observers say.

Doubt and Criticism on Austerity Package / Picture: © Vindobona.org

Bernhard Felderer, director of the Austrian Institute of Advanced Studies (IHS), the austerity package includes a number of small steps instead of a major move. Many questions would remain, the economist considers.

“I am in doubt whether these measures are enforceable in that way.” Furthermore, the forecasts regarding economic growth have to be fulfilled. Only then, the…

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Doubt and Criticism on Austerity Package

For the director of IHS, the austerity measures do not contain real reforms. The implementation could become difficult. Administration reforms and health system reforms are too low, observers say.

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Sign up to read articles for free and to get personalized updates on the events that interest you.