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Reforms: Weak Performance of Austrian Government

Published: November 29, 2012; 16:14 · (Vindobona)

The Brussels-based think-tank “The Lisbon Council” and German Berenberg Bank underline that Austria´s economic situation is still favorable. However, the implementation of reforms slackens.

Reforms: Weak Performance of Austrian Government / Picture: © Flickr

According to the report, Austria is less dynamic than Germany. Economic reform steps are not sufficient and not ambitious enough, The Lisbon Council and Berenberg Bank criticize.

Austria´s strengths would be the “relatively comfortable budgetary situation”, the current account surplus and the high employment rate. However, the public debt level of Austria is growing…

This article includes a total of 205 words.

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