A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term. Austrian Ernst Strasser, 58, also a former interior minister of Austria, was originally given a four-year term in 2013 after he was filmed by reporters from the […]
Tag: EU
The Austrian Chancellor has accused British Prime Minister David Cameron of speaking differently to the British public than he does in private with the European Council. The comments were made by Chancellor Werner Faymann during an interview with DerStandard newspaper. “Why I have a hard time with David Cameron, also in a personal relationship and […]
Ukraine’s last Prime Minister, the current intermediary Prime Minister and the man likely to be the next Prime Minister have all allegedly been secretly given Austrian passports. The naming of Serhiy Arbuzov, Ukraine’s interim Prime Minister following the resignation of Mykola Azarov, as well as Azarov himself and Andriy Klyuyev, expected to be named as […]
Hypo Alpe Adria subsidy will be sold
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The final negotiations about the sale of the Austrian subsidy of the bank group Hypo Alpe Adria are currently underway. The Indian “Srei Group” with headquarters in Calcutta allegedly has good chances. The Srei Group is a listed company and one of the leading private financial institutes in the infrastructure sector of India. However, the […]
Former Austrian interior minister and Euro MP, Ernst Strasser, has been sentenced to four years in jail for bribe-taking. His lawyer has instantly said he will appeal meaning that Strasser will not go to jail until the appeal has been heard. Strasser, 56, of the conservative Austrian People’s Party (OeVP), was one of four MEPs […]
EC warns debt-ridden Austria
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Austria has been criticised for its high public debts. The European Commission (EC) announced yesterday (Weds) the country – which became a member of the European Union (EU) in 1995 – must do more to reduce its debts. The state’s debt ranges around 74 per cent of the gross domestic product (GDP). EU rules say […]
Greece can survive, says Schieder
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Social Democratic (SPÖ) Finance Secretary Andreas Schieder has claimed that Greece has the chance to rebuild its economy. Speaking to magazine profil, Schieder warned from speculating about the costs of a Greek Eurozone exit. He said it attempt of trying to evaluate the costs of such a scenario were “not serious”. The Social Democrat said […]
Faymann fears Greek exit costs
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Social Democratic (SPÖ) Chancellor Werner Faymann has warned from a Greek Eurozone exit. Faymann said such a scenario would be “very risky” and include “many yet unknown aspects”. Faymann said: “No one can predict where this would lead. The only thing that can be said with certainty is that it would all be very expensive […]
IV demands focus on industry in crisis
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The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry. Christoph Neumayer told the Kurier that the European Union (EU) should concentrate on creating ideal circumstances for its industrial sector. Neumayer claimed such a strategy would help in getting through the economic crisis. The […]
Austrian economy recovers, says OECD
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The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based institution announced yesterday (Tues) that the small alpine state’s economy had chances to do 0.8 per cent better in 2012 than in 2011 before achieving an improvement of 1.6 […]