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Treichl: Massive Criticism on Austrian Government

Published: January 16, 2011; 00:36 · (Vindobona)

Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.

Treichl: Massive Criticism on Austrian Government / Picture: © Erste Group / Andi Bruckner

In an interview with the Austrian newspaper “Der Standard”, Erste Group-CEO Andreas Treichl comments on the current political situation in Austria.

According to Treichl, hard restructuring measures do simply not exist. However, budgetary cuts at the expense of families were unjustified. Generally, Treichl regards the budget as a passed up chance: “It is the responsibility…

This article includes a total of 286 words.

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