Finance Minister Markus Marterbauer (Spö) has supported that he could have seen a calm EU deficiency procedure. He would like to contribute to the dramatization, said Marterbauer. Such a procedure is “not a neck and leg fracture,” said the Spö minister.
“It means that the budget measures are constantly voted with the committee in the quarter. So I am not afraid of that,” said Marterbauer.
Already on Wednesday the department head had explained that he would “not be dramatically in the economic situation” and then only had a “stronger exchange with the committee”. The Minister of Finance had already described the planned consolidation program as without an alternative, which he now also strengthened on Saturday.
At the same time, on Saturday in the Ö1 “Journal as Guest”, he again emphasized that no “Devil’s Spiral” should be introduced by saving the agreed 6.3 billion euros this year. Because that, in turn, would hit the economy.
Eibinger-Miedl also wants to accept shortage procedures if necessary
Only on the day before would the State Secretary Barbara Eibinger-Miedl (ÖVP) have not been optimistic that the planned consolidation volume of EUR 6.4 billion would be sufficient with a view to the cloudy economic sale points. “If, like other countries, we are also able to tackle a shortage procedure” if you otherwise run the risk of suffocating the economy, the ÖVP State Secretary said.
Marterbauer told the “Ö1 journal” that he “could underline and support this position”. He had led the economic predictions of the Economic Research Institute (WIFO) for 17 years. “So I know about where the journey is going.”
Criticism came from the FPö on Saturday: financial spokesman Hubert Fuchs spoke about a “shameful and irresponsible statement” from the minister. “The black-rose-pink federal government deliberately leads our country in an EU deficiency procedure that would mean enormous financial burdens for the Austrian population.”
FPö sees ÖVP as a “debt party party”
The ÖVP would admit to the financial policy pressure of the Spös chairman Andreas Babler “who wants to use a shortage procedure as a vehicle to implement its Marxist stress fantasies”. In the meantime, the former ÖVP -economic party “is a debtor who increasingly approached the content of the largest debt manufacturer in the second republic – the SPO”.
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.
