Günter Verheugen has launched a scathing attack on German Chancellor Angela Merkel over her actions in the European debt crisis. The former vice president of the European Commission (EC) told Austrian magazine profil the situation would be different today had Merkel said from the start that Europe would let no member of the European Union […]
Tag: Greece
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 […]
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 People’s Party (ÖVP) Finance Minister Maria Fekter has emphasised that private companies should get on board to rescue Greece. The cash-strapped Eurozone and European Union (EU) member state is seen on the brink of bankruptcy by a growing number of financial market experts. Many commentators fear the southern country will be unable to pay […]
Austria’s biggest travel agency has revealed that bookings of trips to Greece are up despite the turmoil in the country. Hundreds of thousands downed tools and took to the streets in Athens and elsewhere in the Eurozone member to voice their disagreement with the government’s fiscal decisions. Greece has received hundreds of millions of Euros […]
Leitner calls for CEO pay cut
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A leading Social Democrat (SPÖ) has suggested business bosses should not earn more than the president. Josef Leitner, who heads the SPÖ’s branch in the province of Upper Austria, said today (Thurs) CEOs of companies in which the state holds stakes could have their wages cut owing to the volatile economic climate. The left-winger argued […]
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 […]
Austria lost their final match of this year against Greece despite having dominated for most of the 90 minutes last night (Weds).Dietmar Constantini’s team immediately put pressure on the Euro2004 champions back four and were awarded a penalty just five minutes into the game. Austria Vienna defender Florian Klein however failed to take advantage of […]
Organisers of a cruise are in hot water after berthing in Greece instead of Croatia.Holidaymakers told Austrian press today (Weds) that the MS Delphin arrived in Athens despite initial plans to set for Croatias Adriatic coast.The tourists claimed the crew hesitated to explain why the ship moored in the Greek capital.A German-Austrian production company […]