Estonian Prime Minister Andrus Ansip has stressed he is not worried about his country’s economic performance despite calls for a boycott of products. The conservative politician told Austrian magazine profil: “I do agree that there is room to improve our political relationship with Russia. However, the economic cooperation is getting better. A tenth of our […]
Tag: Eurozone
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 […]
Austrian banks strongly engaged in Italy
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Austrian banks have a lot to lose in debt-ridden Italy, figures released today (Tues) show. Financial market authorities announced that bank institutes based in the Alpine country invested 15.8 billion Euros in the struggling Eurozone member state which borders it in the south. They pointed out that Austrian banks’ exposure in Greece – which has […]
Austrian to design special Euro coin
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An Austrian has been chosen to design a mint marking the 10th anniversary of the introduction of the Euro as the European currency. Manfred Andexlinger’s blueprints came first in an online poll with an approval of 34 per cent of participants. The Austrian designer beat 800 competitors to create the special two-Euro coin which will […]
Social Democratic (SPÖ) Chancellor Werner Faymann has claimed Austria would be worse off if the European Union (EU) allowed Greece to go bust. The Social Democrat once more defended the financial support for the debt-stricken Eurozone member in a TV interview yesterday (Sun). Faymann pointed out Austria was a country focusing on exports and must […]
Faymann defends aid for Greece
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Freedom Party (FPÖ) chief Heinz-Christian Strache accused the government of “dispossessing” Austrians of their assets and savings by supporting ailing Eurozone member Greece.The right-winger said in the federal parliament in Vienna yesterday (Tues) the coalition of Social Democrats (SPÖ) and the Peoples Party (ÖVP) must stop offering any further support to the struggling Southern European […]
Poor Austrians die sooner
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Impoverished Austrians have a significantly lower life expectancy, according to a charity.Siegfried Meryns “Nein zu arm und krank” (Say No to Poverty and Sickness) initiative (www.neinzuarmundkrank.at) reports that people with a monthly income of under 1,500 Euros die around four years earlier than the Austrian average.The organisation, which says poverty and diseases can form a […]
Faymann meets Merkel and Socrates
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Austrian Social Democratic (SPÖ) Chancellor Werner Faymann met political leaders from Germany and Portugal in Berlin today (Weds).Faymann gathered with German Christian Democratic Union (CDU) Chancellor Angela Merkel and Portuguese Socialist Party Prime Minister Jose Socrates in the German capital to speak about topics which will be debated at the upcoming Eurozone meeting.The term Eurozone […]
Nearly one in two Austrians said their country should continue to participate in financial projects to stabilise ailing Eurozone members even if the European Union (EU) were to demand higher contributions.A study carried out by research firm Karmasin for weekly magazine profil shows that 49 per cent of Austrians think the federal government of Social […]
Erste Bank boss Andreas Treichl has revealed he is more concerned about developments in the Eurozone than about developments in Eastern Europe (EE).The banker said today (Fri): “The biggest risk for us, the financial service providers, is the insecurity about the debt rates in the Eurozone and how they can be covered in the coming […]