Felderer Expects Structural Changes

People ♦ Published: December 20, 2011; 10:10 ♦ (Vindobona)

The head of the public debt committee, Bernhard Felderer says that new taxes are inevitable.

Felderer Expects Structural Changes / Picture: © IHS Vienna

For Felderer, the new austerity package has to contain taxes too. These taxes would not be “desirable”, but “inevitable”. Moreover, major structural changes are necessary. As long as the two government parties only protect their own clientele, “there are not many opportunities”. Unpopular issues also have to be decided. Felderer suggests a major administrative reform. The…

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