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Leitl: No Alternative to Budget Consolidation

People ♦ Published: December 13, 2013; 18:33 ♦ (Vindobona)

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Christoph Leitl, President of the Austrian Chamber of Commerce (WKO), regards the coalition agreement between the Social Democrats (SPÖ) and the People’s Party (ÖVP) acceptable.

Leitl: No Alternative to Budget Consolidation / Picture: © Wikipedia / Christian Jansky (User:Tschaensky)

“On the credit side there is the aim of budget consolidation, which should be reached by austerity measures and an increase in efficiency. The planned tax hikes particularly at the expense of the economy are unpleasant and burdening. But especially because of the responsibility towards future generations there is no alternative to a path to a balanced state budget,” he…