Bank rescue dough ‘gone for good’

Categories
Finance

The money the state poured into nationalised banks is lost, according to an economic expert. Franz Hahn of the Institute for Economic Research (WIFO) said today (Weds) that the Republic of Austria might not see the billions of Euros it had poured into Hypo Group Alpe Adria (HGAA), Kommunalkredit and Volksbank AG (ÖVAG) ever again. […]

Funding of Greek projects frozen until 2014

Categories
Politics

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) […]

‘Cheat’ Hahn faces fresh pressure

Categories
Politics

The thesis of Austria’s European Commissioner for Regional Policy is to be examined once more after an expert claimed that substantial parts were plagiarised.Stefan Weber – who made a name for himself by exposing plagiarism in dissertations – said last week that Johannes Hahn cheated creating “at least 17.2 per cent” 254-page philosophy thesis from […]

Cutting EU subsidies would be counterproductive, warns Hahn

Categories
Politics

European Commissioner for Regional Policy Johannes Hahn has appealed to colleagues to “think three times” before slashing subsidies for the European Union’s (EU) weaker economies.The People’s Party (ÖVP) politician said today (Thurs): “The EU’s regional policy measures are an important aspect in creating growth. That’s why it would be counter productive to cut subsidies – […]

‘Racist’ Vienna policemen in court

Categories
General News

Four Vienna policemen are accused of racially insulting a Turkish-born Austrian Olympic athlete.Viennese taekwondo star Tuncay Caliskan – who came fourth in the 2000 Olympic Games and also qualified for the event four years later – claims the officers verbally abused him when he tried to report an attempted assault on him in the street.Caliskan […]