Felderer: “Austria’s Triple-A at Risk”

Western EuropeItaly ♦ Published: November 9, 2011; 22:02 ♦ (Vindobona)

The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.

Felderer: “Austria’s Triple-A at Risk” / Picture: © IHS Vienna

Austria’s triple-A rating is not as safe as it might seem. This was shown by the recent development of credit default swaps (CDS), stated Bernhard Felderer, head of the Institute for Advanced Studies (IHS), on Wednesday. The current crisis in Italy was affecting Austria, he said.

Felderer urged the Austrian government to prepare the introduction of a national debt brake with…