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Kapsch Against Excluding Greece

Published: September 10, 2012; 20:10 · (Vindobona)

The President of the Federation of Austrian Industries (IV) thinks that the Austrian pension system shows a substantial savings potential.

Kapsch Against Excluding Greece / Picture: © IV / Günther Peroutka

“Throwing Greece out of the Eurozone would only cause the illiquidity of Greece. Then we have no chance anymore to get our money back.” Moreover, thinking about a Core-Europe means that Europe´s global importance would slump substantially, he argues. “These are the hard facts. We need a new picture of Europe.“ Kapsch says.

In Austria, Kapsch wants to implement…

This article includes a total of 236 words.

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