IHS: Collapse of Eurozone would Cost 157,000 Jobs

Business › Economy ♦ Published: November 5, 2012; 15:49 ♦ (Vindobona)

The Austrian Institute of Advances Studies IHS says that Austria´s economic growth would be lower by 11 percentage points until 2016.

IHS: Collapse of Eurozone would Cost 157,000 Jobs / Picture: © Vindobona.org

IHS underlines that the current crisis management would be insufficient. The survival of the common currency is not secured, the economic research institute says.

According to IHS, the Eurozone has created more than 150,000 jobs in Austria. Without the common currency, the exporting industry would not be competitive anymore, IHS says. Austrian exports would fall by 22.5% until…

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