Rising Finance Requirements for Austria

Politics ♦ Published: December 3, 2011; 19:10 ♦ (Vindobona)

In 2012, the Austrian state has to take on significantly more debt than this year. The issued bond volume will grow by 30%.

Rising Finance Requirements for Austria / Picture: © Vindobona.org

In order to meet its obligation, the Austrian Republic has to take on new debt amounting to € 27bn to € 30bn in 2012. About € 24bn of the volume are bonds. € 18bn are needed for the redemption, the new indebtedness thus amounts to € 9.2bn in 2012. Within the coming twelve months, about 5% of Austria´s GDP is due. The roll over ratio in the euro-zone is 10.1%. In Italy, the…