The People’s Party (ÖVP) is in turmoil after the resignation of Ferdinand Maier. Maier announced in a radio debate he would retire next month instead of in autumn. The controversial parliament member (MP) was not allowed to express his critical opinion regarding the decision of the government to make debts of 33 billion Euros to […]
Viennese state prosecutors got the green light to investigate against Werner Amon. A juridical committee rejected the People’s Party (ÖVP) parliament member’s appeal to withdraw the case from the Viennese prosecution. Amon is suspected of money laundering. An agency once headed by lobbyist Peter Hochegger transferred 10,000 Euros to the Federal Workers’ and Employees’ Association […]
People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has warned it would be a “disaster” if Austria lost its AAA credit rating. Austria’s soundness is currently given the best-possible rating by the world’s leading credit rating agencies, Moody’s, Standard & Poors (S&P) and Fitch. Economist Bernhard Felderer recently warned that they could downgrade their outlook for […]