Fekter Defends Austrian Bank Secret

People ♦ Published: April 5, 2013; 16:55 ♦ (Vindobona)

With the reference to the agreement with Switzerland and Lichtenstein, Finance Minister Fekter tries to convince the EU Commission to leave the Austrian bank secret at the current situation.

Fekter Defends Austrian Bank Secret / Picture: © ÖVP Bundespartei / Jacob Glaser

During the meeting with EU Commissioner Joaquin Almunia in Brussels on Friday, Austrian Finance Minister Maria Fekter justified the bank secret in Austria.By explaining that is has a very long tradition in the country and that the citizens had a right to protect their assets not only in monetary regard but also from an excessive use of the exchange of information, she tried to make a…