Doubt and Criticism on Austerity Package

People ♦ 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: ©

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…