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 […]
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 […]
Austrian People’s Party (ÖVP) Finance Minister Maria Fekter has launched an attack on the new French president. The former interior minister branded Francois Hollande’s targets as “nonsense”. Speaking to the Oberösterreichische Nachrichten newspaper, Fekter said ambitions to add aspects guaranteeing economic growth in struggling countries to the planned European Union (EU) fiscal pact were outdated. […]
Austrian Vice Chancellor Michael Spindelegger has promised that the European Union (EU) will not let Greece down. The head of the People’s Party (ÖVP) said there was no alternative to helping Greece in its current situation. The member state of the EU and the Eurozone is in a serious political crisis after the leaders of […]
Significantly fewer Austrians will travel to Greece this summer, preliminary booking records show. The Verkehrsbüro Group, Austria’s biggest tourism company, said yesterday (Weds) the number of Austrians planning holidays in the debt-stricken country in southern Europe had been 21.6 per cent higher at the same time last year. The travel office enterprise said Greece remained […]
Johannes Hahn, the European commissioner for regional policy, has made clear that Greece will not receive any additional financial support by his department before the year after next. The former Austrian People’s Party (ÖVP) science minister told the Salzburger Nachrichten on Saturday that it had been previously agreed how much money the European Union’s (EU) […]
Maria Fekter has revealed that the Eurozone’s finance ministers consider asking Greece to guarantee reforms “in writing”. The Austrian People’s Party (ÖVP) finance minister said yesterday (Mon) that she and the finance ministers of the other Eurozone members planned to call on the debt-stricken country’s politicians to present a written statement promising to carry out […]
Finance Minister Maria Fekter has claimed Austria’s triple A rating is “safe” despite banks’ struggles in Eastern Europe (EE). The People’s Party (ÖVP) minister told radio station Ö1 on Saturday that she saw no imminent risk to Austria losing its top rating currently established by the world’s leading credit rating agencies. However, the minister admitted […]
Alfred Gusenbauer has revealed details of his engagement at one of the best universities in the world. The former Social Democratic (SPÖ) chancellor told newspaper Die Presse yesterday (Mon) he was about to become a permanent lecturer at Harvard University. The institute – which is located in Cambridge, Massachusetts, in the United States – is […]
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. […]