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EC Country Reports: Finance Minister Löger pleased with positive assessment of Austria

Current measures are having an effect; continuing need for all of the Member States to proceed with structural reforms

Vienna (OTS) – In its 28 country reports published today, the European Commission has given Austria a favourable grade. Finance Minister Hartwig Löger sees this as a further sign that the current course being pursued by the Austrian Federal Government is the correct one: “What we see is that our deficit reduction measures are bearing fruit, by reducing the burden on Austrian citizens and increasing the country’s productivity and improving its investment environment.“ The Commission placed special emphasis on Austria’s economy, its plans and measures to reduce tax, the sustainability of its public budgets, its financial market stability and the developments of its labour markets as well as the lack of significant obstacles to investing in Austria.

At the same time, Löger provides assurances that all of the recommendations made by the European Commission are being carefully looked at and that work towards further progress is underway. However, in saying this he also emphasised that “the Federal Government is focusing specifically on the highly salient area of digitisation – not least of all to exploit efficiency increases in the public sector and to position the Austrian state as an attractive employer in times of low unemployment.“

At the same time, Löger emphasised once again that all of the EU Member States have work to do in this regard. In total, the European Commission identified economic imbalances in ten Member States, and in a further three the imbalances are even considered severe. “Top priority must be given to structural reforms in all 28 countries. This is the only way to be sure that Europe can remain stable during times of crisis and competitive in the global context.”  

27 February 2019