Michael Spindelegger

Spindelegger Becomes Director General of Migration Organization ICMPD

Former Austrian Vice-Chancellor and Minister Michael Spindelegger has been elected Director Genera of the Vienna-based International Centre for Migration Policy Development (ICMPD). 15 Member States of the Organization elected him for five years, ICMPD announced. Most recently, he was president of the Agency for the Modernization of Ukraine of the Ukrainian oligarchs Dimitri Firtash.

October 1, 2015

Mitterlehner Replaces Spindelegger as Party Head and Vice Chancellor

Yesterday evening Reinhold Mitterlehner has been elected by the ÖVP board as new party chairman and vice chancellor. Spindelegger himself had left the party headquarters shortly before. The decision in the ÖVP board was unanimous. He is supposed to lead the party out of the crisis. His first statement after the designation on Tuesday evening was: "We must close ranks." He now wants to discuss in which direction to proceed with the tax reform. A political decision will fall but only in the fall.

August 27, 2014

Austrian Finance Minister Michael Spindelegger Quits

Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.

August 26, 2014

Hypo Group: Shady Deals with Balkan Diplomats

The Austrian problem bank Hypo Group has troubles recovering debts.

May 3, 2014

Austria: Hypo Group Investigation Committee to be Established?

Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?

May 2, 2014

Hypo Group Further Losses to Be Expected

Huge losses by the sale of the SEE banking network could be expected.

April 30, 2014

Spindelegger: “Arsonists Are to Blame Not Fire Brigade”

The downsizing of ailing bank Hypo Group Alpe Adria is a heavy burden for this year’s budget. According to Finance Minister Spindelegger, the deficit comes at 2.7 percent of GDP while public debts will soar.

April 29, 2014

Hypo Group: Huge Burden for Austrian Budget

The downsizing of problem bank Hypo Group Alpe Adria is a huge burden for this year’s budget.

April 29, 2014

Austria: Is Spindelegger Suitable as Finance Minister?

On Tuesday the Austrian Finance Minister will hold his first budget speech. Initial figures reveal record debt levels.

April 28, 2014

Budget Deficit: Austria Threatened with Penalty

Due to the capital injections into the distressed lender Hypo Group, Austria´s 2013 budget deficit will exceed the 3.0% threshold. According to Finance Minister Spindelegger, Austria might face an excessive deficit procedure.

April 25, 2014
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