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Fekter Underlines Austerity Policy
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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…
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