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The high debt burden of Austria as target for speculators

Published: July 9, 2010; 00:00 · (Vindobona)

In the crisis years 2008, 2009 and 2010, the public debt mountains are exploding. In the EU, the debt within three years has increased from 60 to 80 percent of GDP.

In Austria it increased from 59 to 70.2.

The exploding debt poses a significant threat to States. "We become a target on financial markets," warned the chairman of the Public Debt Committee, Bernhard Felderer, on Friday.

A credible consolidation strategy is therefore extremely important. "Fiscal policy must not create room for speculations from the financial markets."…

This article includes a total of 191 words.

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