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Every Second Austrian Feels Affected by Austerity Policies

Published: April 16, 2012; 14:52 · (Vindobona)

The government's austerity program causes the average amount saved to decline to € 5,085. The planned credit volume rises to € 79.800.

Every Second Austrian Feels Affected by Austerity Policies / Picture: © Flickr

Austrians are more pessimistic right now than one year ago: The average person plans to save and invest € 5,085, which is € 375 lower than last year. Demand for loans has also decreased somewhat: At present, one third plans to make purchases, but only 11% intend to take out a loan for this purpose. Average amount: € 79.800. This is € 9,600 less than at the beginning of 2011. 48%…

This article includes a total of 586 words.

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