No money for schools, empty municipal coffers, lack of investment in infrastructure projects and innovations – the Austrian economy has been staggering like a wounded boxer since the Corona pandemic. Countries such as Greece and Spain experienced a similar situation more than fifteen years ago. Instead of the knockout, the European problem children rolled up their sleeves. And now they easily overtake Austria. Krone+ explains why.
It’s early December. Krampus and Santa Claus provided presents and good cheer. The next day it disappeared. Because December 7 was the day on which the state treasury was emptied to the last cent. At that point, the Austrian state had already spent its entire budget and was now accumulating new debts. The problem. There are still 24 days until New Year’s Eve.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
