Nowotny strongly criticizes the Hungarian bank tax

Published: June 30, 2010; 00:00 · (Vindobona)

The Austrian central bank chief Ewald Nowotny has practiced unusually sharp criticism of the Hungarian government, more specifically at the proposed Hungarian bank tax.

Nowotny strongly criticizes the Hungarian bank tax / Picture: © Wikipedia / Christian Wirth (Wirthi)

"The amount of the charge is completely inappropriate and inadequate," Nowotny said at a press conference in Vienna.

Measured as a percentage of economic output, the output is far higher than in Austria. A central bank president should not comment on taxes, though, and certainly not in other countries, "said Nowotny. But in this case it seems necessary for the coordination of…

This article includes a total of 188 words.

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