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Study on „Economic Freedom“: Austria Falls
Politics ♦
Published: January 13, 2012; 13:57 ♦ (Vindobona)
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In the global ranking of the U.S. “Heritage foundation”, Austria only occupies rank 28. The government would not introduce enough reforms, bureaucracy would be too high.
Study on „Economic Freedom“: Austria Falls / Picture: © Vindobona.org
Although Austria is still one of those few countries holding an “AAA” rating, a study on economic freedom shows that Austria´s backlog became larger last year. In 2010, Austria occupied rank 21 and now fell to rank 28. According to the liberal U.S. think-tank “Heritage Foundation”, the Austrian economy suffers a high public budget deficit and a lack in economic reforms. As a…
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