Government must save

Holzmann

"The approach of first saving on expenditure and not immediately thinking about increasing income is the right one," says Robert Holzmann.(Bild: Krone KREATIV/Markus Wenzel, Horst Einöder)

From the climate ticket to the climate bonus to educational leave: ever since the savings plans of the FPÖ and ÖVP, who are currently in government negotiations, became known, tempers have been running high. "Saving is always more difficult than spending more," says Robert Holzmann. The governor of the National Bank spoke to the "Krone" newspaper on Wednesday about the discussions surrounding pensions, problems in the economy, Donald Trump and mistakes made by the EU.

Insolvencies, savings, job cuts - how is the Governor of the Austrian National Bank coping with the never-ending bad news from Austrian companies? "Not good," says Robert Holzmann, who had an appointment in Linz on Wednesday. Before that, he met with the "Krone".