Fekter Underlines Austerity Policy

People ♦ Published: November 10, 2012; 14:46 ♦ (Vindobona)

Fitch rating agency assigns its best triple A rating to Austria, praising in particular the stability and reform package approved in March.

Fekter Underlines Austerity Policy / Picture: © ÖVP Bundespartei / Jacob Glaser

"We can maintain our outstanding international rating by continuing to follow a strict reform policy", assured Maria Fekter after the Fitch rating agency announced its best triple A rating. "Fitch warned in particular that the savings package would not be fully implemented", stated Fekter. "This means that failing to follow the path to consolidation would endanger the rating," explained…