Faymann Calls for Sense of Proportion

People ♦ Published: November 25, 2013; 09:02 ♦ (Vindobona)

Chancellor Faymann does not consider a drastic austerity package necessary.

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…

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