Fekter: Hollande´s Suggestions are “Nonsense”

Politics ♦ Published: May 22, 2012; 17:03 ♦ (Vindobona)

Vice-Chancellor Spindelegger and Finance Minister Fekter are strictly against the introduction of Eurobonds and any amendments of the Fiscal Treaty.

Fekter: Hollande´s Suggestions are “Nonsense” / Picture: © ÖVP Bundespartei / Jacob Glaser

For the French government, a compromise about a common European growth strategy is realistic. The French suggest supporting economic growth in spite of pursuing austerity measures. For Austria´s Minister of Foreign Affairs Michael Spindelegger, an agreement is conceivable.

However, Spindelegger is strictly against amending the Fiscal Treaty. Instead, budget discipline should be…