Defence minister calls Lieberman ‘unbearable’

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Politics

Norbert Darabos has refused to apologise after attacking Israeli Foreign Minister Avigdor Lieberman. The Austrian Social Democratic (SPÖ) defence minister told Die Presse on Sunday that Lieberman was an “unbearable” member of the Israeli government to him. Darabos criticised the nationalist politician for refusing to rule out an Israeli attack against Iran due to the […]

Brodbeck criticises credit rating ‘hysteria’

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Business

A German economist has warned from “dangerous monopoly circumstances” in the global rating business. Karl-Heinz Brodbeck told Viennese newspaper Die Presse that the world’s leading credit rating agencies were issuing better grades the more money they made with the rating. He called the situation “dangerous” and called for more transparency. The renowned economic expert – […]

S&P concerned about banks’ stability in serious crisis

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Business

Standard & Poor’s (S&P) analyst Alois Strasser has warned that a crisis worse than the most recent one could “totally demolish” Austrian finance institutes’ capital. Strasser – who is in charge of the US American rating agency’s economic estimations for the Austrian economy – told Die Presse today (Fri) that the Republic of Austria could […]

Stronach wants to fund political revolution

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Politics

A renowned businessman has explained why he is ready to financially support a new political movement. Frank Stronach, the founder of automotive industry giant Magna International, made headlines a few days ago by claiming to be determined to provide a new political party of young people with “a lot of money”. Now the Austrian-Canadian entrepreneur […]

New MQ boss named

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Business

An Upper Austrian real estate manager has been appointed as head of Vienna’s Museumsquartier (MQ). Federal Social Democratic (SPÖ) Culture Minister Claudia Schmied and Viennese SPÖ Culture Councillor Andreas Mailath-Pokorny announced yesterday (Weds) Christian Strasser would head the MQ for five years from 1 October. His contract can be extended without public submission, they explained. […]