WIFO Wants Unlimited Firewall

People ♦ Published: June 28, 2012; 17:15 ♦ (Vindobona)

According to the Austrian Institute of Economic Research, the firewall must be big enough in order to make speculation against the euro unattractive.

WIFO Wants Unlimited Firewall / Picture: © Vindobona.org

Just before the EU Summit in Brussels, WIFO´s chairman Karl Aiginger pleaded for an unlimited firewall. The firewall should be sufficiently big to make any speculation against the euro useless. For Aiginger, doubling the size of the firewall would be necessary, but it would not be enforcable from a political point of view.

Aiginger thinks the the firewall should get a banking…