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Fiscal Pact More Expansive for Austria than for Germany

Published: June 26, 2012; 19:39 · (Vindobona)

According to the latest calculations, small Eurozone member states would have to pay higher transfers than Germany.

Fiscal Pact More Expansive for Austria than for Germany / Picture: © Flickr

Financial Times Germany reports that Germany would not be the biggest net payer in a European Fiscal Union. FT Germany refers to calculations by M.M. Warburg. Smaller Eurozone member states like Austria, Finland and Belgium would have to grant higher transfer payments.

According to Warburg, transfer payments would amount to € 430bn per year. The biggest net beneficiaries would…

This article includes a total of 171 words.

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