Kapsch Against Excluding Greece

More+ › Comment ♦ 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…

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Georg Kapsch, Leaders, Competitiveness, Greece, Monetary Policy, Brussels, Eurozone, Labor Market, Retirement Plan, Social Policy, Public Debt, Budget Deficit
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