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Sorger Underlines Austrian Crisis Management

Published: May 19, 2012; 12:11 · (Vindobona)

The President of the Federation of Austrian Industries Veit Sorger reaffirms the necessity of austerity and investments of the private sector.

Sorger Underlines Austrian Crisis Management / Picture: © Flickr / Michael Thurm

In June, Veit Sorger resigns as President of the Federation of Austrian Industries (IV). In one of his last official statements, he stressed that sustainable growth may only emerge in the private sector. “Short-lived growth through public spending is not sustainable, by contrast. We cannot pursue the way of deficit spending all the time. This is a meander of the past.” Sorger says…

This article includes a total of 238 words.

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