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State Secretary for Finance: Euro-bonds as a Medium-term Strategy

People ♦ Published: December 31, 2010; 17:27 ♦ (Vindobona)

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The Austrian State Secretary for Finance, Andreas Schieder, does not discard Euro-bonds, against the majority view of German and Austrian politicians.

State Secretary for Finance: Euro-bonds as a Medium-term Strategy / Picture: © Flickr / SPÖ Presse und Kommunikation

In an interview with the daily newspaper "Kurier", Andreas Schieder says that no worries are necessary about the common currency. He does not see any weakness of the euro. Purchasing power is stable, inflation low. In addition, a lower exchange rate helps exports and the economy.

Schieder admits that this is a difficult period for the euro, but a larger economy stands behind…