Faymann Against Breaking Up the Eurozone (Part 1)

People ♦ Published: August 30, 2012; 13:18 ♦ (Vindobona)

At the AlpbachE conomic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.

Faymann Against Breaking Up the Eurozone (Part 1) / Picture: © Vindobona.org

Franz Fischler, President of the European Forum Alpbach opened the discussion. “Europe is not the problem. Europe is the solution.” he said. “We must overcome the crisis by strengthening Europe.” Fischler emphasized.

Faymann emphasized that the Austrian government has initiated a “wide range of measures” in order to overcome the economic crisis. The Federal Chancellor…