Austria fights against deficit: People's Party plans economic turn!

Austria fights against deficit: People's Party plans economic turn!

The Austrian People's Party (ÖVP) is optimistic about the turning of an impending EU deficit procedure. Kurt Egger, Secretary General of the Economic Association, emphasizes that this is a sign of the government's economic competence. In view of the current economic challenges in which seven EU countries, including three neighbors in Austria, have financial difficulties, it is essential to protect the country's credibility in the financial markets. A deficit procedure could drive the refinancing costs through higher interest rates, so a determined manner must be acted in order to avoid this, how to avoid this ots.at reported.

With the aim of promoting jobs and growth, the ÖVP proposes not to stabilize the budget through new taxes, but to stabilize by expendant consolidation. Egger emphasizes that these measures not only secure the ability to act in Austria, but also contribute to economic stability and trust in the international financial markets. This is particularly important in times when neighboring countries fight with similar problems.

Economic stability in focus

The former professor of economics, whose analyzes deal with economic challenges, emphasizes the importance of a solid financial policy. In a context in which the European area is affected by economic uncertainties, the strategy of the ÖVP can be seen as a step in the right direction. The pan -European situation is becoming increasingly critical and Austria has to react to these challenges. If the ÖVP was already looking for long -term solutions in coalition negotiations, a clear implementation of the proposals will now be necessary to ensure economic stability. Loud fiwi2.uni-freiburg.de the analysis of public debt and tax harmonization is particularly relevant for current discussions in the EU.