Fischer Wants to Check ESM

More+Comment ♦ Published: July 11, 2012; 19:55 ♦ (Vindobona)

Austria´s Federal President Heinz Fischer does not sign the ESM approval by the Austrian Parliament yet. „I am not under time pressure.“ he says.

Fischer Wants to Check ESM / Picture: © Flickr / Multimedia-Blog's

Last week, the governing parties SPÖ and ÖVP ratified the ESM together with the opposition party „The Greens“. In Austria, the ESM ratification needs a two-third majority of the members of the National Council. Without the consent of the Green Party, SPÖ and ÖVP would not have been able to ratify the ESM. Austria´s guarantees will amount to € 19.5bn. In total, ESM´s size…