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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
Banking Union: Czech Republic Cautious
For the time being, the Czech Republic will not join the single supervising mechanism.
December 15, 2012
Polish Government Considers Joining Banking Union
Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.
December 14, 2012
Banking Supervision to Control Nine Austrian Banks
Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.
December 13, 2012
CEE Countries May Join Banking Union
ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.
December 13, 2012
GDP per Capita: Romania and Bulgaria Tail-Lights in EU
GDP per capita varied by one to six across the Member States in 2011. Austria ranks third behind Luxembourg and the Netherlands.
December 13, 2012
WIFO: South Europe Needs Change in Strategy
The Austrian Institute of Economic Research (WIFO) underlines that the austerity policy in South European countries did not help at all.
December 12, 2012
Orange Takeover Finally Approved
After more than ten months, the EU Commission approved the takeover of the third-largest Austrian telecommunication operator by the competitor Hutchison Austria.
December 12, 2012
Austria in Favour of Initiating Accession Negotiations with Macedonia
Austria´s State Secretary Reinhold Lopatka speaks at General Affairs Council in Brussels.
December 12, 2012
„Eurobonds Are No Solution“
Latvia´s Prime Minister Valdis Dombrovskis argues that euro-bonds may be implemented at the end of the convergence process.
December 11, 2012
Turkey: „The EU Needs Us“
On the occasion of a visit in Hungary, Turkey´s Minister of European Affairs Egemen Bagis argued that the EU would benefit from Turkey´s accession.
December 11, 2012
Orange-Takeover: Commission to Announce Decision Next Week
EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.
December 8, 2012
Croatia: EU Scepticism Grows
After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.
December 8, 2012
Czech Republic: Klaus Rejects ESM
Czech Republic´s President refuses to grant consent to the ESM bill.
December 7, 2012
Juncker´s Succession: Faymann Out of the Race
The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.
December 6, 2012
EU Approves State Aid for Hypo Group
The EU Commission has no objections against the state aid with a size of € 1.5bn.
December 5, 2012
Measuring Poverty in the EU: third International EU-SILC Conference in Vienna
The third International Conference on EU Statistics about Income and Living Conditions (EU-SILC) will be opened in Vienna on Thursday, 6 December 2012.
December 5, 2012
„Banking System Becomes More Solid“
The chairman of OeNB (Austrian National Bank) Ewald Nowotny thinks that the banking supervision and the Basel III framework will stabilize the financial markets.
December 4, 2012
Banking Supervision: Fekter Calls for Flexibility
Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.
December 4, 2012
Faymann as Juncker´s Successor?
Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.
December 4, 2012
Rothensteiner: „No Credit Crunch“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.
December 3, 2012
"Croatia on the final stretch towards EU membership"
Austrian State Secretary encourages Zagreb to take final steps of reform.
November 30, 2012
Orange-Takeover: One Step Closer to the Goal
Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.
November 27, 2012
“We shall maintain tough position on EU budget until the very end”
Austrian Vice-Chancellor Spindelegger: “unambiguous about Austria’s position on EU financial framework“.
November 22, 2012
Hutchison Austria: Takeover Approved
The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.
November 21, 2012
Hungary: Next Austerity Package Resolved
The Hungarian government is caught between the need to lower the budget deficit and to support economic growth.
November 17, 2012
Steel Industry: „Up to 100,000 Jobs Endangered“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.
November 17, 2012
Treichl: Austria Should Cooperate with CEE Countries
Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.
November 16, 2012
“Austria is a committed partner in the security field”
Austrian Foreign Ministry: New security threats and regional conflicts discussed with Russian National Security Advisor.
November 16, 2012
EU Budget: Austria Faces Massive Cuts
After the negotiations have failed, the Commission presented a new draft. Major cuts for Austria seem inevitable.
November 14, 2012
State Visit: Klaus Received by Fischer
Today, the Czech President Vaclav Klaus has met his Austrian counterpart Heinz Fischer in Vienna. The commonalities are rather small.
November 13, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
EU Budget: Austria Threatens to Veto
Austria´s Vice Chancellor Michael Spindelegger explains that cuts in the agricultural sector will not be accepted.
November 10, 2012
Hungary´s Budget Deficit Below 3.0%
The EU Commission estimates that Hungary´s budget deficit will comply with the Maastricht Criteria in 2012 and 2013. However, the deficit may exceed the 3.0% threshold in 2014.
November 8, 2012
Latvia Has Best Growth Prospects
Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.
November 8, 2012
Nowotny: More Power for Big Countries
The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.
November 7, 2012
Erdogan Tries to Put Pressure on EU
The Turkish Prime Minister Recep Tayyip Erdogan warns of postponing the EU accession of his country.
October 31, 2012
Unemployment: Austria Ranks First in EU
In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.
October 31, 2012
EU Budget Cuts would Affect Poland
In the last six years, Poland benefitted substantially from EU funds. A cut of € 23bn is being discussed.
October 30, 2012
Austrian Managers Lose Confidence in EU
Only a third of the Austrian managers believes that the problem in the Eurozone can be solved.
October 29, 2012
„Strengthening Relation with Russia“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.
October 25, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
Merger Hutchison „3“ and Orange: EU Commission Extends Examination Phase
The Commission announced that the deadline for the deal will be postponed by three weeks.
October 22, 2012
Tusk: Joining Banking Union Only if it Does not Weaken Poland
The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.
October 22, 2012
Austrian Finance Minister and Foreign Minister Support Banking Union
Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.
October 22, 2012
Hungary Does not Exclude to Increase Bank Tax
Prime Minister Orban refers to the pressure coming from Brussels. Hungary must reduce the budget deficit below 3.0% of GDP.
October 20, 2012
Hungary Doubles Financial Transaction Tax
The Hungarian Minister of Economics Gyorgy Matolcsy announced that the financial transaction tax will be increased to 0.2%. Moreover, the bank taxes will not be reduced.
October 17, 2012
Austria Underlines Importance of Austerity Measures
“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.
October 17, 2012
Hungary Reaffirms Not to Enter Eurozone
After the meeting with Germany´s Chancellor Angela Merkel, Hungary´s Prime Minister Viktor Orban explained that the euro must offer a perspective again.
October 16, 2012
FPÖ Files Suit Against ESM
The biggest Austrian opposition party files a legal complaint against the European Stability Mechanism (ESM) at the Austrian Constitutional Court.
October 15, 2012
Hungary Wants Foreign Land Owners to Leave
The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.
October 15, 2012
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