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FPÖ: „Europe Has a Banking Problem“

Published: June 13, 2012; 15:15 · (Vindobona)

The Austrian opposition leader Heinz-Christian Strache criticizes that European countries are downgraded due to their banks. Further bank aids would be likely.

FPÖ: „Europe Has a Banking Problem“ / Picture: © www.hcstrache.at / Press Photo

FPÖ´s chairman Heinz-Christian Strache thinks that Europe has no economic problem, but a problem with ist financial sector. After the bail-out of Spanish banks, which had a size of € 100bn, there is reason to fear further bail-outs, Strache says.

In the 1990s, politicians promised that the euro will be as stable as the Austrian shilling or the German mark, Strache argued.…

This article includes a total of 232 words.

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