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Nowotny: „Austria is Safe“
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The governor of Austria´s Central Bank (OeNB) Ewald Nowotny asserts that the economic stability in Austria is substantially better than in other regions of the Eurozone.
Nowotny: „Austria is Safe“ / Picture: © Wikipedia / Christian Wirth (Wirthi)
“We face difficult times at the moment.” the governor of OeNB states. In the last OECD report, the Eurozone is said to be a severe danger for the recovery of the global economy. The OECD warned of a vicious circle in Europe. The mix of austerity policies, public debt and weak banks would be dangerous. Nowotny admits that this situation leads to a “substantial degree of…
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