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 […]
Tag: ÖVP
A legendary theatre actor has suggested politicians should “have their brains transplanted” at Vienna’s General Hospital (AKH) after medical staff presented plans to reduce night and weekend services. The AKH’s works council and the Austrian Doctors’ Chamber said on Monday just 154 doctors would be at work at the hospital during the night and at […]
Austria’s provinces will be allowed to breach upcoming debt limit regulations in extraordinary circumstances, it emerged yesterday evening (Tues). David Brenner, the financial councillor of Salzburg and head of the council of councillors for financial affairs, announced that the country’s nine provinces were given the right to spend more than scheduled in the next nine […]
Rating agencies ‘expect clear signal’
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Bernhard Felderer has explained why the Austrian government is well advised to fight for a two-third majority approval of its debt limit project. Social Democrats (SPÖ) and People’s Party (ÖVP) are currently trying to convince the Greens and the rightist Alliance for the Future of Austria (BZÖ) that its stricter budget path until 2020 was […]
Fekter set to clash with provinces
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People’s Party (ÖVP) Finance Minister Maria Fekter is braced for controversial arguments with the financial councillors of Austria’s nine provinces after David Brenner expressed concerns about the government’s debt limit. Brenner – who heads the council of provincial financial councillors – said today (Tues) the federal coalition of Social Democrats (SPÖ) and ÖVP must abstain […]
The number of doctors on night duty at Austria’s largest clinics is set to shrink, it has emerged. The works council of Vienna’s General Hospital (AKH) announced yesterday (Mon) that 145 doctors would be at work at night and at weekends from February 2012, down from 172 at the moment. The doctors’ representation explained it […]
Teachers ‘should work more’
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People’s Party (ÖVP) Finance Minister Maria Fekter has intensified the increasing public budget path arguments by suggesting that young teachers should work more for less. The ÖVP vice leader said yesterday (Thurs) young people starting in the profession could do 27 instead of 21 hours a week. She told Die Presse that her plan was […]
SBB boss says ÖBB will survive
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The head of one of Europe’s most successful railroad companies has said he is convinced that Austria’s Federal Railways (ÖBB) has a future. Swiss Federal Railways (SBB) chief Andreas Meyer told Die Presse today (Fri) that “there might be synergies (in the next 20 years), but SBB and ÖBB will stay independent companies.” SBB is […]
New austerity threatens rail investments
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Social Democratic (SPÖ) Traffic Minister Doris Bures may be forced to pull the plug on an extensive railway infrastructure project. Bures said in September that 100 train stations all over Austria would be renovated by 2014. The infrastructure minister also presented plans to improve the country’s railroad network in the coming years. The People’s Party […]
Debt brake meets mounting mistrust
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The political leaders of Austria’s provinces are at odds about the government’s debt limit decision. Social Democratic (SPÖ) Chancellor Werner Faymann and People’s Party (ÖVP) Vice Chancellor Michael Spindelegger announced on Tuesday that the coalition decided to implement a so-called debt brake. The government is dependent on the support of at least one of the […]