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Austria - European Union Political News
Read the latest headlines about developments in Austrian - European Union (Brussels) politics with reference to the international interest
„ECB as Only Supervisor Not Likely“
OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.
July 2, 2012
Austria Ratifies ESM
The government parties SPÖ and ÖVP got support by the oppositional Green Party. The remaining opposition parties criticized the „loss of sovereignty“ massively.
July 2, 2012
Strong Increase in Unit Labor Costs
Since 2008, the Austrain economy records a disproportionately high increase in unit labor costs. The average of the eurozone amounts to 6.4%. In Austria, the unit labor costs were up by 11.1%.
June 29, 2012
Orange Sale: EU Commission is Concerned too
After the Austrian Federal Competition Authority (BWB) expressed its concerns about the acquisition of Orange by Hutchison Austria, the EU Commission announces to deepen its examination.
June 29, 2012
Euro-Crisis Continues
According to RCB, the factional dispute between Germany and France decisive for the eurozone. An easing of the situation is not expected.
June 29, 2012
Austria´s Fischer Absolved State Visit in Armenia
The Austrian President Heinz Fischer met his Armenian counterpart Serzh Sargsyan. Both heads of states agreen on deepening economic and cultural relations.
June 28, 2012
Spindelegger: „Austria Must Delegate Competencies“
The Austrian Vice Chancellor and chairman of ÖVP Michael Spindelegger wants the centralize the European Union.
June 27, 2012
Leitl: „Securing Austria´s Top Ranking“
WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.
June 27, 2012
Austria Still Blocks Agreement on Taxation of Interest Income
The Commission of the European Union wishes Austria to give up its blockade against a reform of the direction on the taxation of interest income. Austria stands by its oppositional attitude.
June 27, 2012
EU Discusses Growth and Employment Pact
Austria´s State Secretary Waldner at the General Affairs Council in Luxembourg: „Putting and end to the negative spiral“.
June 27, 2012
Austria Appreciates Opening of Accession Negotiations
After the beginning of the accession negotiations with the EU, the Austrian government congratulates Montenegro.
June 26, 2012
Austria Among More Expensive EU Countries
In 2011, the price levels varied from 51% of the EU27 average in Bulgaria to 142% in Denmark. Austria came at 107%.
June 26, 2012
Schwarzenberg: „Czech Republic Should be Europe´s Hard Core“
The Czech Minister of Foreign Affairs thinks that the Czech Republic should be among the EU´s core nations. This would be the only useful alternative for the country, Schwarzenberg says.
June 26, 2012
„The end of the Euro would mean Europe´s Explosion“
Ewald Nowotny, governor of the Austrian Central Bank (OeNB) reaffirms that Europe needs the Euro.
June 25, 2012
Treichl: „Europe Does Not Need the Euro“
Andreas Treichl, CEO of Austrian Erste Group thinks that the European Union would work very well without the common currency. A common army would be more important.
June 25, 2012
Nowotny: „Bank Aids Rescue Economy“
The governor of the Austrian Central Bank OeNB underlines the necessity of the bail-out of Spanish banks.
June 23, 2012
Fekter Promotes Financial Transaction Tax
There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.
June 23, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
Green Party: ESM Approval Depends on Financial Transaction Tax
The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.
June 22, 2012
Government´s Plans on Bank Insolvency Law Failed
The Austrian government initially planned to initiate a bank insolvency law in order to liquidate financially stricken banks without major difficulties. Now, the plan has failed.
June 22, 2012
Chemical Industry Warns of Investment Stop
Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.
June 22, 2012
Fekter Declines Mercy for Greece
Austria´s Finance Minister Maria Fekter is poised for amending several points oft he Greek austerity program. This is no accomodation, Fekter emphasizes. In the future, the EU should be completely centralized, Fekter says.
June 21, 2012
Austria Pushes for Danube Strategy
Together with Germany, Slovakia and Bulgaria, Austria wants to implement a common transport strategy for the Danube.
June 21, 2012
„Austria Is Threatened by a National Bankruptcy“
The Austrian economist Eva Pichler warns of the ESM and appeals on the Austrian Parliament not to ratify the „recue package“.
June 20, 2012
Austrian GDP Per Capita Third Highest in EU
According to first estimates for 2011, the GDP per capita in the Member States ranged from 45% to 274% of the EU27 average in 2011.
June 20, 2012
Tricky Climate for Austrian Economy
The economic activity continues to lose pace – a weaker economic growth is expected for the remainder of the year. Exports and stable domestic demand support an unchanged GDP forecast of 0.8 per cent for 2012.
June 19, 2012
Nabucco: EU Commission is in Doubt
The Commission of the European Union emphasizes that Nabucco is still an option. Nevertheless, there would be cheaper options.
June 18, 2012
Fekter Approves Greek Election Results
The Austrian Minister of Finance Maria Fekter is happy with the „Pro-European „ statement oft he Greeks. Minor adjustments to aid packages would be possible.
June 18, 2012
Austria Among European Renewable Energy Nations
The contribution of renewable energy was up to 12.4% of energy consumption in the EU27 in 2010. The highest share is observed in Sweden, Latvia, Finland, Austria and Portugal.
June 18, 2012
Orange Takeover to be Postponed
The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.
June 15, 2012
RZB Wants to Keep Austrian Deposit Protection
Raiffeisen Zentralbank´s CEO Walter Rothensteiner is skeptical of the European deposit protection proposal.
June 15, 2012
8th Conference of European Regions and Cities (CERC) in Austria
The Institute of the Regions of Europe (IRE) is holding the 8th conference of European Regions and Cities in Grafenegg.
June 14, 2012
Austrian Hourly Labor Costs Rise Significantly
First quarter 2012 compared with first quarter 2011: Euro area hourly labour costs rose by 2.0%.
June 14, 2012
Austria Stresses Balance Between Growth and Austerity
At the negotiations on the EU financial plan 2014 – 2020 in Denmark, Austria proposes to establish a growth fund accessible to SMEs.
June 13, 2012
Monti Angry at Fekter
Italy´s Prime Minister Mario Monti is unhappy with the statement of Austria´s Finance Minister Maria Fekter on Italy. Fekter considered that Italy may need help by the EU.
June 12, 2012
Austria to Strengthen Cooperation with Baltic States
Austrian State Secretary meets the Speaker of the Latvian Parliament and underlines Latvia´s successful austerity course.
June 12, 2012
Spain: „ESM would be a Better Safeguard“
Austria´s Minister of Finance Maria Fekter wants Spain to call for aid via the ESM.
June 11, 2012
Austria Promotes Political Cooperation in Black Sea Region
Conference in Tbilisi discusses issues of management of institutional administration and rule of law.
June 11, 2012
EU-Crisis: Austrian Government Underlines Necessity of „Solidarity“
The Austrian State Secretary Wolfgang Waldner calls for a centralization of economic and financial policies.
June 8, 2012
Kommunalkredit Sale: Austria Hires Morgan Stanley
The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.
June 6, 2012
„Bank Union is Still Far Away“
Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.
June 6, 2012
Russians Push New Railway Line to Vienna
Russian Railways intends to establish an axis between China and Europe.
June 4, 2012
Spindelegger: “Great respect for future-oriented decision taken by Ireland”
The Austrian Vice Chancellor congratulates his Irish colleague Eamon Gilmore on the outcome of the referendum.
June 4, 2012
Trade Unions Wants „Just Taxation“
The Austrian Trade Unions warn of a strict austerity policy and pushes for growth stimulating measures.
June 2, 2012
EU Calls on Austria to Accelerate Reforms
Austria has to put more effort in reforms. In the fields of education, labor market, retirement plan and budget consolidation, Austria shows deficits.
June 1, 2012
Treichl: „Spain Needs Help“
The CEO of theAustrian Erste Group Andreas Treichl is in doubt whether Spain may conquer the crisis without help. Regarding Greece, Europe has to pay anyway, Treichl thinks.
June 1, 2012
More than 300,000 Unemployed
The situation of theAustrian labor market remains tensioned. At the end of May, 300,000 persons did not have a job.
June 1, 2012
Economic Balance: EU Warns Austria
The Commission of the EU issues an early warning for Austria as the thresholds of three macro-economic indicators were exceeded.
May 31, 2012
OeNB Reacts to EU-Commission´s Critique
The EU Commission warned Austria of the big lending exposure in Eastern Europe. According to the Austrian Central Bank, the CESEE region must be seen differantiated.
May 31, 2012
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 31, 2012
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