A possible banking that is in the Chamber in the coalition negotiations such as an FPö claim does not only cause the ÖVP headache. In the Raiffeisen group, the Blue Claim is of course critical, such a levy would probably further reduce the already limited loans, Gunter Deber warned, head of Raiffeisen research.
According to Deutber, the capital equipment of the Austrian banks is currently good, but the Geldhuizen have already been set up for lower income due to increasing risk costs and falling interest rates.
Entry because of the difficult economic situation “counterproductive”
In addition, the relatively high profits of domestic banks in recent years are also due to the high share of variable loans in this country on special effects. “This is the only one where one can talk about disproportionate profit from Austrian banks in the Euro area.” In principle, such a levy in the middle of the currently difficult economic situation with low investments was rather counterproductive, the bank economist said.
Oenb: banking of “wise choice” for budget renovation
The idea, on the other hand, described the idea as a “sensible choice” for a contribution to budget renovation. A bank tax is a “political decision”, but can help a possible blue and black government to close budget gaps, according to a report from the financial news agency “Bloomberg”.
With the support of the FPö, Holzmann was appointed Governor of Oenb. His time period runs until the end of August 2025, and Minister of Economy and Labor Martin Kocher will follow.
AK and Momentum Institute for Submission
It is known that banking will find proponents at the Chamber of Labor and Momentium Institute. “It is high time that the crisis winners finally made a fair contribution to budget consolidation,” said Ak President Renate Anderl on Tuesday. Similarly, Momentum Chief Economist Oliver Picek is expressed: “The banks were one of the few big winners of inflation and high interest rates in recent years. A suitable contribution from your overets of the savings package is too late.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
