Article Tools

Fekter: “Austrians can rest easy knowing that their bank deposits are safe.”

Published: March 22, 2013; 15:37 · (Vindobona)

Current situation in Cyprus is an exceptional case and not comparable in any way with Austria.

Fekter: “Austrians can rest easy knowing that their bank deposits are safe.” / Picture: © ÖVP Bundespartei / Jacob Glaser

“I can reassure everyone in Austria who holds savings deposits: There are no reasons for any concern and the scaremongering about this issue in Austria is completely nonsensical. The Austrian banking sector has a completely different structure from that of Cyprus, and rests on a very firm and healthy footing. With the banking package, the Austrian federal government has demonstrated…

This article includes a total of 455 words.

or Log In