Fekter Against Forced Loans

Politics ♦ Published: July 16, 2012; 17:22 ♦ (Vindobona)

Austria´s Finance Minister Maria Fekter opposes to DIW´s suggestion to impose forced loans on wealthy persons.

Fekter Against Forced Loans / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

Last week, the German Institute of Economic Research (DIW) suggested that wealthy individuals should be obliged to purchase sovereign bonds. Up to 10% of the individual wealth should help to bear the high public debt. Persons with assets worth more than € 250,000 should be affected.

The social democratic member of the European Parliament Jörg Leichtfried declared himself in…

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