Is Austria a Risk Country?

People › Other ♦ Published: December 10, 2010; 20:51 ♦ (Vindobona)

Due to its engagement in Eastern Europe, Austria is partially considered as a potential risk country. Lack of understanding for this assessment is shown by Austria.

Is Austria a Risk Country? / Picture: © Vindobona.org

In spring 2009, Paul Krugman put Austria on a list comprising the most risky European countries, together with Greece and Ireland, because of its extensive banking operations in the CEE region. Krugman later revised his statements. However, critical voices from the financial sector continue seeing Austria as a potential risk country.

Some of them even consider Austria as the…

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