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Leitl and Sorger Demand Privatizations

Published: May 5, 2011; 06:42 · (Vindobona)

Economic Chamber’s President Christoph Leitl and Industrialists' Association President Veit Sorger spoke in support of privatization at a press conference.

Leitl and Sorger Demand Privatizations / Picture: © Wirtschaftsbund / Christoph Leitl

Austria's debt ratio will reach a historic record high of 75.5% in 2013. The entire ÖBB debt, currently around € 20bn could be added to public debt in 2014. In this case, the public debt ratio would increase to 80% of the GDP.

"We increased the debt in the crisis, now we have to reduce it. The service of interest could turn into a growth brake", said Leitl, who demands…

This article includes a total of 302 words.

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