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Nowotny Ask For Alternative to Financial Transaction Tax

Published: April 11, 2012; 18:03 · (Vindobona)

The governor of the Austrian Central Bank (OeNB) sees a good sign in Austria´s low interest rate on sovereign bonds. The introduction of a European financial transaction tax is unrealistic, the governor says.

Nowotny Ask For Alternative to Financial Transaction Tax / Picture: © Wikipedia / Christian Wirth (Wirthi)

Yesterday, the Austrian state issued 5-year sovereign bonds with a volume of € 1.32bn. With an interest rate of 1.733%, the current level is historically low. OeNB´s governor Ewald Nowotny sees a “good sign” therein. So, the loss of Austria´s triple-A was not too dramatic, Nowotny said. By contrast, Austria would be able to refinance itself at low interest rates. This would be a…

This article includes a total of 189 words.

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