Peoples Party (ÖVP) Vice Chancellor Josef Pröll has warned of “dangerous developments” as European Union (EU) member states have backed out of the previously agreed upon support package for Greece.Speaking about the Czech Republics and Slovakias decision not to contribute to the 110-billion-Euro rescue bid agreed upon last May, he said today (Thurs): “Neighbouring countries […]
Tag: Euro
There have been 1,400 new Austrian exporters since the inception of Go International initiative in April 2009.The figures were revealed by Dr Christoph Leitl and Reinhold Mitterlehnerfrom the Austrian Ministry of the Economy and the Austrian Federal Chamber of Commerce (WKÖ) at the opening of the 8th Austrian Export Day of the Austrian Foreign Trade […]
Boldfaced robbers have stolen a Fabergé egg worth half a million Euros from an elderly couples house after they left for a flea market.Police in Theresienfeld, Lower Austria, said today (Tues) the crooks had told curious neighbours they had been ordered to pick something up while they loaded up their car with the 500,000 Euro […]
Former Freedom Party (FPÖ) Finance Minister Karl-Heinz Grasser has branded the rescue plan for ailing Greece the “biggest mistake of the European Monetary Union”.Grasser said in a newspaper interview today (Tues) he would have forced the economically struggling country to leave the Eurozone. This term describes the 16 European Union (EU) member states which have […]
Green parliamentary whip Werner Kogler called today (Weds) for creditors to make a contribution to the financing of the EU stability package for Euro-zone countries.He said they needed to do that before they dumped bonds issued by countries high in debt on the European Central Bank (ECB), thereby transferring their financial risk to EU tax-payers.Banks […]
Bernhard Felderer, who heads the Vienna economic think tank the Institute of Higher Studies (IHS), has said that last nights Euro-zone stability package was “a reasonable solution” that had already begun to stem speculation against the Euro.Speaking today (Mon) Felderer said: “They (finance ministers) did not have many other options,” adding that “it is not […]
Peoples Party (ÖVP) Finance Minister Josef Pröll has called for “rigid controls of, and painful sanctions for, Euro-zone deficit sinners.”Speaking before a meeting of Euro-zone finance ministers in Brussels on the Greek financial crisis today (Fri), he said that was the only way “to prevent such a situation from re-occurring.”The minister added that Austria would […]
Social Democratic (SPÖ) Chancellor Werner Faymann has said he expects this evenings (Fri) summit of Euro zone heads of state and government “to send a clear signal to the markets and to people in Europe.”Faymanns spokesman Leo Szemeliker added today that the chancellor wanted the summit to agree on a rescue package for bankrupt Greece […]
The Greek financial crisis will have no immediate impact on Central and Eastern European countries (CEEs), according to Erste Bank analysts.Erste chief analyst Fritz Mostböck said yesterday evening (Thurs) that the crisis might delay adoption of the Euro by CEEs, which had been expected to occur in 2015 or 2016.He noted Poland and Bulgaria had […]
Austrian opposition politicians have criticised the government for deciding to financially support “money sink” Greece.Alliance for the Future of Austria (BZÖ) boss Josef Bucher said in parliament yesterday (Weds): “European leaders have failed. They have now agreed to assist money sink Greece while not mentioning anything about a tax on risky financial speculations.”Bucher claimed the […]