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Keuschnigg Forecasts End of Bank Secret in Austria

Published: April 3, 2013; 19:19 · (Vindobona)

Head of the Austrian Institute for Advanced Studies (IHS), Christian Keuschnigg expects the end of the bank secret in Austria.

Keuschnigg Forecasts End of Bank Secret in Austria / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

In the paper, which was issued today, Keuschnigg writes that an autonomatic exchange of information is to be expected in Austria due to the pressure by the US and the EU. Austria will only be able to delay the process but in all probability cannot stop it. He points out that a development for a forced information exchange can be seen in Switzerland as the country has concluded an…

This article includes a total of 207 words.

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