Vienna, 24 September 2012 Fekter: "Our triple-A confirms the reform path we have embarked upon" Finance Minister delighted at positive Moody's rating

"The renewed confirmation of Austria's top rating confirms the reform path embarked upon by the government. The measures of the reform package are showing their full effect, supporting strong growth and securing us first place with the lowest unemployment in the EU," declared Finance Minister Dr Maria Fekter.

According to Fekter, the negative outlook did nothing to dampen today's rating, since this was due to external circumstances in the Eurozone. In the context of monetary union too, the latest measures meant that the right path had been taken to generate growth and prosperity. Yet there were no grounds now for complacency; it was necessary to work unceasingly on creating a true economic and monetary union. 

"Our work in Europe has contributed towards stabilizing the markets. It is now the turn of the indebted states to further implement their reforms. We will support them, but we will also keep a close watch on them," stressed Fekter.