New post Schacher at the SPÖ: Finance Minister appoints controversial AK director!

New post Schacher at the SPÖ: Finance Minister appoints controversial AK director!

A new scandal around the National Bank attracts attention! After the surprising re-hiring of a highly paid general secretary, the next questionable personnel decision by SPÖ finance minister Marterbauer will come to light. Silvia Hruska-Frank, who was previously director of the Chamber of Labor, is to be promoted to the National Bank General Council. Alexander Petschnig, FPÖ's money and monetary policy spokesman, expressed his concern about this decision and criticized that Hruska-Frank has no profound knowledge of economy or monetary policy. "Here the red Post Schacher shows up in a purely culture," said Petschnig in a statement and questioned the motifs behind this personnel.

concern for monetary policy

The calling of Hruska-Frank raises the question of how she can fulfill her new role as a currency authority if her previous statements on budget-relevant topics are not indicated to a sustainable monetary policy. Petschnig expressed his hope that Europe will be spared new currency crises in the coming years. He emphasized that the stability of our money could be on the brink under such a tour. According to employeekammer.at , Hruska-Frank has extensive experiences in labor law and in socio-political issues, which, however, does not reduce concerns about their qualification for the role in the National Bank.

The decision to nominate Hruska-Frank strengthens the debate about the occupation of high-ranking positions in the National Bank and raises questions about professionalism and transparency in the selection process. It remains to be seen what consequences this personnel decision will have for Austrian monetary policy and whether the public will receive an explanation for this step.