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. […]
Former Social Democratic (SPÖ) Chancellor Alfred Gusenbauer has dismissed a suggestion by his successor on how Europe’s politicians could get the continent’s volatile economic situation under control. SPÖ head and Chancellor Werner Faymann said the federal government and state leaders of the 27 European Union (EU) member countries should meet more often to debate how […]
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 […]
A vast majority of Austrians disapprove the European Union’s (EU) light bulb regulation. The EU’s decision to order an end to the production of regular light bulbs is widely considered as one of the most controversial steps taken by lawmakers in the past years. The decree was passed in an attempt to improve the protection […]
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 […]
The majority of Austrians are in favour of an expansion of abortion services. Conservative opinion leaders turned their guns on Social Democratic (SPÖ) Health Minister Alois Stöger earlier this month after he suggested state-funded clinics across the country should provide induced abortions. The left-wing politician claimed women were “not taken seriously” at the moment. Public […]
The director of one of Europe’s most loved circuses has revealed how European Union (EU) regulations affect his activities. Asked by magazine profil whether the EU’s recent ban of old-fashioned light bulbs enforced special measures at the Circus Roncalli, Bernhard Paul said: “I bought all (old version) models I could get hold of in Germany […]
One of Europe’s most influential economists has unleashed an extraordinary attack on the continent’s political elite. Hans-Werner Sinn – who heads the Institute for Economic Research (IFO) in Munich, Germany – has become one of the most outspoken critics of the European Union’s (EU) steps in reaction to the debt crisis of Eurozone members like […]
Farmers have appealed to customers to appreciate the high quality of food produced in Austria instead of complaining about high prices. The Chamber of Agriculture pointed out today (Thurs) Austria’s food quality and safety standards were much stricter than European Union (EU) regulations in many regards. The chamber also stressed that genetically manipulated products were […]
Austria has extradited one of Croatia’s most controversial politicians. Former Croatian Democratic Union (HDZ) chairman and Prime Minister Ivo Sanader was transferred from Salzburg to a prison in Zagreb, the federal capital of Croatia, yesterday evening (Mon). Sanader was put in custody in Salzburg last December. He had been behind bars in the Austrian city […]