Resistance to Privatization Plans

People ♦ Published: May 10, 2011; 10:37 ♦ (Vindobona)

The SPÖ criticized the plans of its coalition partner ÖVP to reduce public participation in order to abate debt.

Resistance to Privatization Plans / Picture: ©

The Economic Chamber and the Industrialists Associations, both of them close to the ÖVP, demanded last week that federal or provincial participations be sold in order to reduce deficits. Energy companies, real estate and transport facilities were referred to in first place. Finance Minister Maria Fekter (ÖVP) also signaled approval for these plans and promotes the idea now as well,…