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IMF: Austria´s Contribution to Reach € 6.0bn

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: © Vindobona.org

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…

This article includes a total of 190 words.

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