Economic Balance: EU Warns Austria

BusinessEconomy ♦ Published: May 31, 2012; 20:50 ♦ (Vindobona)

The Commission of the EU issues an early warning for Austria as the thresholds of three macro-economic indicators were exceeded.

Economic Balance: EU Warns Austria / Picture: ©

Austria´s economy begins to lose its economic balance. According to a report of the European Union, Austria exceeded the threshold of three economic indicators.

First, Austria´s world market share is declining. Second, the private sector´s indebtendess grows. And third, the public debt quota is stil rising. Nevertheless, the Commission did not enter the second phase of the…