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Mitterlehner calling for judicious austerity measures

Published: July 19, 2010; 00:00 · (Vindobona)

Economics Minister Reinhold Mitterlehner warns EU countries about excessive savings. "Instead of linear cuts, you should save intelligently. Otherwise, domestic consumption is decreased too much," said Mitterlehner.

France's idea of common European economic policies are welcomed by Mitterlehner but "big countries like Germany will hardly allow policies to be prescribed for internal decisions".

For Austria, Mitterlehner confirmed the plans, which in addition to administrative reforms “could include a bank tax, more efficiency in furtherances and possibly a “greening” of the tax…

This article includes a total of 87 words.

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