Wifo Warns European Council of Economic-Policy Standstill

People ♦ Published: March 19, 2014; 13:04 ♦ (Vindobona)

The Austrian Institute of Economic Research sharply criticizes the current economic policy of the European Union and calls for a change of course to reach the self-defined targets.

Wifo experts see many targets of the strategy “Europe 2020“ at risk in case the European Union will not change its course. / Picture: © WIFO

In an open letter president of the Austrian Institute of Economic Research (Wifo) Karl Aiginger, together with former EU Commissioner of Agriculture Franz Fischler and economic researcher Jean-Paul Fitoussi, warns Herman Van Rompuy, president of the European Council, of the danger of an economic-policy standstill in the year 2014.

In the light of the positive economic…