The Austrian central bank has downplayed concerns over whether the real estate bubble in Vienna and the rest of the country could shake financial stability. However the central bank said on Monday it will be monitoring the situation by creating a new fundamental price indicator. Residential real estate in Austria increased 39% between 2007 and […]
Tag: stability
Green parliamentary whip Werner Kogler called today (Weds) for creditors to make a contribution to the financing of the EU stability package for Euro-zone countries.He said they needed to do that before they dumped bonds issued by countries high in debt on the European Central Bank (ECB), thereby transferring their financial risk to EU tax-payers.Banks […]
Bernhard Felderer, who heads the Vienna economic think tank the Institute of Higher Studies (IHS), has said that last nights Euro-zone stability package was “a reasonable solution” that had already begun to stem speculation against the Euro.Speaking today (Mon) Felderer said: “They (finance ministers) did not have many other options,” adding that “it is not […]