The latest episode “Rainer-Nowak-Talk” revolved around the central question: how should a new government do business to lead Austria out of the current crisis? Guests: a group of top-class economists, consisting of Helene Schuberth from the ÖGB, Franziska Disslbacher and Martin Halla from the Vienna University of Economics and Business, as well as Franz Schellhorn from Agenda Austria.
During the discussion, Franz Schellhorn made it clear that Austria always performs worse than other countries in international comparisons after crises. Of particular concern is the so-called ‘zombification’ of businesses – a situation in which inefficient, economically unproductive companies continue to survive – as well as the dramatic increase in part-time jobs, which he described as a ‘part-time tsunami’. . According to him, these developments lead to a weakening of economic dynamics.
Martin Halla also emphasized that Austria must return to a growth path. This is not only a matter of economic survival, but also of social stability. Growth, Halla says, is key to creating jobs, increasing productivity and securing long-term prosperity in the country.
All guests agreed on one point: politicians have the responsibility to create preconditions that make it possible to overcome these challenges. They see opportunities for savings and more efficient spending in various areas of public administration and social services. Helene Schuberth emphasized that it is important to implement structural reforms that not only have a short-term effect, but also a long-term effect. Franziska Disslbacher added that in addition to austerity measures, targeted investments in education, innovation and digitalization are also needed to strengthen Austria’s competitiveness.
In summary, the experts emphasized that a new government should see the crisis as an opportunity to initiate long-term reforms. Only in this way can the country be made future-proof and able to compete internationally.
You can watch the entire conversation above!
In “The Rainer Nowak Talk” every Wednesday at 9:15 p.m., top guests from politics and public debate debate the topics that particularly move and excite the whole of Austria.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.