FPÖ Wants Nowotny to Resign

People ♦ Published: September 1, 2012; 00:04 ♦ (Vindobona)

The biggest Austrian opposition party criticizes the governor of Austrian Central Bank (OeNB) sharply. FPÖ´s leader Strache blames Nowotny to violate the “no bailout” clause.

FPÖ Wants Nowotny to Resign / Picture: © www.hcstrache.at / Press Photo

Today, FPÖ´s chairman Heinz-Christian Strache voiced severe criticism of Nowotny´s monetary policy. According to Strache, Nowotny would support the unlimited purchase of sovereign bonds. Thus, ECB would violate the “no bailout” clause, Strache argued.

“This governor supports that ECB purchases sovereign bonds of certain states at a certain interest rate to an unlimited…