IMF: Austria´s Contribution to Reach € 6.0bn

Politics ♦ Published: April 23, 2012; 17:35 ♦ (Vindobona)

The capital increase at the International Monetary Fund costs Austria € 6.0bn. Austria may receive an executive director. Schieder considers introducing Eurobonds.

IMF: Austria´s Contribution to Reach € 6.0bn / Picture: ©

On the occasion of the IMF meeting last week, the members resolved to increase capital substantially. Funds will be raised by € 326bn ($ 430bn). The eurozone´s contributions total € 150bn, Austria´s share is 4.0%. As a result, Austria has to raise funds of € 6bn.

The Ministry of Finance commented that there the National Council still has to decide over thereon. Finance…