New Grandpa

Chancellor Wants New Sovereign Wealth Fund for Pensions

Don’t miss it: The full “Krone” summer interview “What now, …?” with Federal Chancellor Christian Stocker Sunday morning in the “Krone” and on krone.at(Bild: Imre Antal)

Chancellor and “new grandpa” Christian Stocker wants to secure his children’s future pensions. He plans to achieve this through a new sovereign wealth fund, which will be financed by profits from government holdings, as he revealed to the “Krone.” 

Chancellor Stocker has been a grandfather for just about a week—and already the head of government is turning his attention more firmly to our children’s retirement provisions. In a summer interview with the “Krone,” he explains that he intends to invest profits from state holdings in a fund in the future. “The profits will then be used to safeguard the state pension system,” explains Grandpa Stocker.

As a reminder: About a year ago, Stocker also addressed the topic of pensions in a “summer interview” with ORF—forecasting returns below the inflation rate, which is exactly what happened. That announcement drew a lot of criticism, even from within his own party. 

A New Push Against Political Islam
The chancellor is also taking a firm stance in the fight against political Islam. The ÖVP leader wants to have it banned—preferably through a law with constitutional status. This is a plan that the ÖVP had already sought to include in the government program due to pressure from the right (the FPÖ). It didn’t work out back then—but now the chancellor is making a new attempt despite similarly slim chances of success.

To hear what Stocker has to say about a possible coalition with FPÖ leader Herbert Kickl and the “mothers’ revolt” he himself sparked against him, tune in Sunday morning starting at 6 a.m. to the “Krone” summer interview “What now, ...?” on krone.at.