Eu Deficit Procedure Against Austria: Why Is It Going so Badly in the Alpine Region?

Neue Zürcher Zeitung

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Because of the poor budgetary situation, Brussels will decide on a case against Austria on Tuesday. Why is it going so badly in the country? The liberal economist Franz Schellhorn goes hard to court with politics.

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EU finance ministers plan to decide on the opening of an EU deficit procedure against Austria at their meeting in Brussels on Tuesday. The Council follows

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At its meeting in Brussels on Tuesday, the EU Finance Ministers want to decide on the opening of an EU deficit procedure against Austria. The Council thus follows the recommendation of the EU Commission. The domestic fiscal structure plan is also to be finally approved. It shows the measures and reforms in order to bring the budget deficit back below the permitted 3% limit. For Austria, finance minister Markus Marterbauer (SPÖ) participates, but…

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EU finance ministers will officially decide on the procedure on Tuesday, following the recommendation of the EU Commission

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Tärkeimmät talousuutiset | Kauppalehti…

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According to the credit rating agency, the new NATO commitment is likely to cause problems for at least France, Italy and Belgium, which are already in the European Commission's deficit procedure. According to the chief economist, the deficit easing promised by the Commission cannot continue for long.

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For a long time, Austria was regarded as an economical model hub in Brussels. Meanwhile, the wind has turned: the EU Commission has recommended an EU deficit procedure, which the EU finance ministers are now deciding on.