Faymann Calls for Sense of Proportion

Faymann Calls for Sense of Proportion / Picture: © Flickr / Werner Faymann, Thomas Jantzen

During the regional party conference of the Social Democrats (SPÖ) in Upper Austria, Chancellor Werner Faymann warned of a high debt rate. However, he does not consider a drastic austerity package necessary.

Faymann called for a sense of proportion and advised to keep the debt rate low. “Those who do not keep their finances in order will be punished by enormous interest rates…