Sponsored
Article Tools

WIFO: Budget Consolidation in the EU is Not Sustainable

Published: November 29, 2010; 12:10 · (Vindobona)

WIFO criticizes the consolidation programs of the individual EU countries for being easily enforceable, but containing hardly any sustainable measures.

WIFO: Budget Consolidation in the EU is Not Sustainable / Picture: © WIFO

According to WIFO (Austrian Institute of Economic Research), the budget consolidation measures that are being implemented in some EU countries lack comprehensive structural reforms in public expenditure as well as in tax systems. Problems that already existed before the economic crisis, or even contributed to it, are largely being ignored.

Although some specific strategic…

This article includes a total of 238 words.

or Log In

Fast News Search
Related News
Study: Agricultural Subsidies Produce No Growth (November 18, 2010)
Austria: Strong Growth Again in the Third Quarter 2010 (November 12, 2010)
WIFO-Boss Aiginger Calls Government for Economization (October 17, 2010)
Wifo: Economy grew by 2.4 % in the second quarter (September 10, 2010)
Fight against early retirement - Companies should pay (July 8, 2010)
Higher property tax could bring a billion (July 5, 2010)
Migration barriers - Austria missing out on Human Capital (June 23, 2010)
WIFO - Economy of the industrialized states in 2009 is suffering greatly from export decline (June 2, 2010)
Read More
Public Debt, Taxation, Labor Market, Economic Growth, Consumption, WIFO Austrian Institute of Economic Research, Innovation, High Tech Industry, Education Policy, R & D
Featured
See latest Vindobona Newsletter