Reform Backlog Prevents Austria Being a Success Model

People ♦ Published: January 19, 2011; 00:09 ♦ (Vindobona)

The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.

Reform Backlog Prevents Austria Being a Success Model / Picture: © WIFO Wirtschaftsforschungsinstitut

Karl Aiginger speaks bluntly when calling for reforms. Europe is gambling away its future capital in the global economy: "We are in danger of being considered by the world only as a natural history monument and a puzzle of individual states." Austria is not excluded at all from the criticism.

The chairman of the Austrian Institute of Economic Research (WIFO) points out that due…

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