MP accuses Austrian government of Madoff cover up An Austrian MP has filed a series of Parliamentary questions to make public allegations that senior banking officials and others in the Alpine Republic had actively worked with Bernie Madoff to create his global Pyramid scheme.
Pröll welcomes EU regulation of hedge funds
People’s Party (ÖVP) Finance Minister Josef Pröll has welcomed today’s (Tues) unanimous approval of regulation of hedge funds by the 27 EU finance ministers meeting in Brussels.
ÖVP sees SPÖ-FPÖ coalition in Burgenland
The People’s Party (ÖVP) has said it sees a Social Democratic (SPÖ)-Freedom Party (FPÖ) coalition in Burgenland after the 30 May provincial election if the SPÖ fails to retain its absolute majority.
More Erasmus money for Austrian students
People’s Party (ÖVP) Science Minister Beatrix Karl has announced a five per cent increase in EU Erasmus money for Austrian students’ studying abroad in the 2010/2011 winter semester.
Fischer and Durnwalder meet in South Tyrol
Austrian President Heinz Fischer and South Tyrol Governor Luis Durnwalder met yesterday (Sun) in the city of Bressanone in the autonomous Italian province, according to Italian news agency ANSA.
Vienna stocks up sharply in wake of Greek rescue package
Stocks in the Vienna stock exchange’s ATX index have soared after the opening of trading this morning (Mon) following news of EU leaders’ agreeing yesterday evening on a massive rescue package for Greece and other EU member states in financial difficulty.
SPÖ fears British conservative government
The Social Democrats (SPÖ) fear that a future British Conservative Party government would have "negative implications," according to SPÖ federal manager Laura Rudas.
Chancellor wants ‘clear signal’ from EU summit
Social Democratic (SPÖ) Chancellor Werner Faymann has said he expects this evening’s (Fri) summit of Euro zone heads of state and government "to send a clear signal to the markets and to people in Europe."