"Krone" commentary
Austria under curatorship
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen Now the Austrian Social Democrats want us to accept an EU deficit procedure in order to plug the huge hole in our public finances. This would mean that Brussels would dictate to the federal government how we should get our public finances under control, where savings should be made and what we are allowed to spend at all.
ON THE ONE HAND, you could say that this would actually be nothing out of the ordinary. Last summer, the EU considered initiating such an excessive deficit procedure against seven countries alone - including the large member states France and Italy.
OTHERWISE, this would already be a humiliation for the Republic. And Austria's room for maneuver in terms of economic and financial policy would be massively restricted. Let us remember Greece, which had to endure the paternalism of the so-called "troika" a few years ago in the course of the sovereign debt crisis.
There was a similar situation once before: when the galloping inflation was ended with the League of Nations bond in the 1920s and the schilling was introduced, a League of Nations commissioner was in charge in Vienna and Austria felt like a "League of Nations colony". Do we now have to become an "EU colony"?
This article has been automatically translated,
read the original article here.
Da dieser Artikel älter als 18 Monate ist, ist zum jetzigen Zeitpunkt kein Kommentieren mehr möglich.
Wir laden Sie ein, bei einer aktuelleren themenrelevanten Story mitzudiskutieren: Themenübersicht.
Bei Fragen können Sie sich gern an das Community-Team per Mail an forum@krone.at wenden.