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Nowotny Puts Pressure on Austrian Government
Ewald Nowotny, governor of Austrian National Bank (OeNB) wants the Austrian government to continue the austerity course.
Nowotny Puts Pressure on Austrian Government / Picture: © Vindobona.org
OeNB´s governor calls the government to reduce public debt and to restructure the budget. The austerity measures in 2012 were successful, Nowotny says. In 2013, the budget deficit will be lower than this year, he says.
Next year, the public debt level is expected to increase to 75% of GDP and to remain at the relatively high level. “From our point of view, this is much too…
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