Economist on politics:

“It’s time for pure wine to be poured”

Norbert Wohlgemuth in conversation with the "Krone".(Bild: Evelyn Hronek)

Norbert Wohlgemuth, Deputy Head of the Department of Economics at the Alpen-Adria-Universität Klagenfurt, explains why we need more work, fewer subsidies and more financial knowledge in a major interview with the "Krone" newspaper on the occasion of the National Council elections.

"Krone": The Austrian economic engine is sputtering badly. What political failures in recent years are responsible for this?
Norbert Wohlgemuth: Failures is a harsh word, but one or two things have certainly been overlooked. After all, the government tends to be generous and provides incentives that don't make much sense.