An analyst has warned of a “high” risk of a second Greek bankruptcy. The southern European country, which is part of the Eurozone and the European Union (EU) asked the EU, the International Monetary Fund (IMF) and the European Central Bank (ECB) for financial support for the first time last year to avoid state bankruptcy. […]
Günter Verheugen has launched a scathing attack on German Chancellor Angela Merkel over her actions in the European debt crisis. The former vice president of the European Commission (EC) told Austrian magazine profil the situation would be different today had Merkel said from the start that Europe would let no member of the European Union […]
An early appearance of winter has hit vast parts of the country with full force. Snowfall brought railway traffic to a halt in Salzburg yesterday (Mon). More than 200 passengers were trapped in trains for hours after trees collapsed under the weight of the snow and landed on the tracks. No one was injured in […]
Jürgen Trittin has warned of more dramatic effects than after the collapse of Lehman Brothers if Europe allows Greece to go bust. The influential German Green Party official told Austrian newspaper Die Presse today (Tues) he was certain an insolvency of the struggling Southern European country would have a more serious impact on developments on […]
Meglena Kuneva has claimed Bulgarians lack mutual trust. The former European Commissioner for Consumer Protection – who runs for Bulgarian president next month – told Austrian newspaper Die Presse today (Mon) it was “impossible” to discuss the domestic economy’s development because of the various “lobbies” in the federal parliament. Kuneva also criticised the state of […]
Lawmakers have presented a new awareness campaign to further increase kids’ safety in cars as the number of unprotected young passengers is in decline. Social Democratic (SPÖ) Traffic Minister Doris Bures announced yesterday (Weds) 5,526 drivers were reprimanded or fined for failing to buckle up children in their vehicles last year, down sharply from 2007 […]
Federal President Heinz Fischer has been criticised for backing calls for higher taxes on assets. The former Social Democratic (SPÖ) member of the federal parliament (MP) said yesterday (Sun) he worried about the social peace and balance in the country. Fischer said he would like to put the opinion that Austria’s rich must not be […]
Austrian tourism officials have revealed plans to increase their focus on Central and Eastern Europe (CEE). Around 10 per cent of vacationers choosing Austria come from the region, up from just four per cent 15 years ago. Now the Austrian Tourism Marketing Agency (ÖW) announced it would launch a new promotion campaign in countries like […]
Austrians are spending more on fair-trade products as the number of supermarkets and cafés offering such items is on the rise. Fairtrade Austria said today (Mon) businesses in the country achieved an estimated turnover of 46 million Euros by selling fair-trade products between January and June 2011. The association explained this was 13 per cent […]
Georgian Foreign Minister Grigol Vashadze has said he was certain his country would join the North Atlantic Treaty Organization (NATO) sooner than the European Union (EU). Vashadze – who is currently in Salzburg to attend an international meeting of businesspeople and politicians – told the Austrian Kurier newspaper today (Mon): “I’m hesitant about telling you […]