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Industry Wants to Suspend Banking Tax
People ♦
Published: December 29, 2011; 17:07 ♦ (Vindobona)
The new capital requirements for banks are criticized by the Federation of Austrian Industries and the research institute WIFO.
Industry Wants to Suspend Banking Tax / Picture: © IV / Markus Prantl
Christoph Neumayer, general secretary of the Federation of Austrian Industries (IV), sees the risk of a credit crunch in the year 2012. “It is counterproductive for the banks to increase their equity ratio to 9% within seven months”, he said in an interview with the Austrian newspaper “Wirtschaftsblatt”.
Neumayer said he was opposed to new state aid and that he would…
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