Eurozone

Austria Achieved Positive Current Account in 2011

Last year, Austria´s current account reached a surplus of 1.9% of the GDP.

May 4, 2012

ESM: The Final Ruin of Europe

Solidarity with financially stricken EU countries cannot justify the irrevocable loss of national sovereignty. The transfer union will only work until the financial collapse of Germany and Austria.

May 2, 2012

Austrian Inflation Slightly Down

In March, a decrease of the Consumer Price Inflation to 2.4% was observed.

April 17, 2012

EU: Austrian Labor Costs Rose Decently

Since 2000, Austrian labor costs rose by 40%. Among the 27 member states, Austria ranks 22th.

April 5, 2012

Economic Outlook: Slight Optimism for Eurozone

The Eurozone´s GDP to grow by 1.1 per cent again in 2013. In 2012, the economy will decline by 0.5 per cent; the low point of recession has already been reached.

April 5, 2012

Saving Rate Falls

2011: Household saving rate down to 7.5% in Austria.

April 5, 2012

Austria Rejects Bank Bonds of Southern Euro-Members

The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the International Monetary Fund.

April 4, 2012

Fekter: "Eurogroup Chief Must Be Head of Government"

Austria’s Finance Minister Maria Fekter said the next leader of the group of euro-area finance ministers has to be a head of his or her government in order to have the necessary authority.

March 6, 2012

FPÖ Claims New Currency Area

The chairman of the Austrian Freedom Party, Heinz-Christian Strache, calls for the creation of a “core Europe” with a new currency.

September 19, 2011

Austria Is One of Three Euro Countries with Lowest Default Risk

Only three euro countries were found to have low default risk combined with a positive trend. The euro zone is seen in an “existential crisis”.

August 8, 2011

Bronze Medal for Austria’s Economy

According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.

June 21, 2011

Firms Asked to Reduce European Focus in Favour of BRIC States

The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.

May 17, 2011

Bank Austria sees euro zone as main risk for growth

Institute raises forecast for 2010 slightly to 3.1 percent

June 28, 2010
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