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Pröll on economic status quo, "thunder and lightning are over"

Published: July 12, 2010; 00:00 · (Vindobona)

The EU has demonstrated that "it is able to act in one of the worst crises, even if there were some mistakes," says Austrian Finance Minister Josef Pröll.

Pröll on economic status quo, "thunder and lightning are over" / Picture: © Wikipedia / Tsui

Nevertheless, he urges caution.

Finance Minister Josef Pröll will not prejudge the results of stress tests for European banks, but "Austria's banks will certainly be evaluated in an ordinary measure".

At the meeting on Tuesday morning there will be a "very controversial" discussion on the topic of Financial Supervision. The Austrian position is an ambitious one. The…

This article includes a total of 247 words.

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