Austria

About a week ago I reported on an Austrian story that the EU was gearing up for a bailout of any eurozone members which found themselves in difficulty (see my post, "EU planning 200 billion euro package for Eastern Europe". This report is…

This comes from Austrian Daily Kurier: A plan to stabilise the economies of Eastern Europe exists. What is missing is a united EU. During and after the Eastern Europe tour by Austrian Vice-Chancellor and Finance Minister Josef Pröll, the…

The following post is from John Mauldin, who is a Best-Selling author and recognized financial expert. He is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John…

This video does not mention Austria by name, focusing instead on Ireland, Spain and Greece, but Austria is more of the problem for the Germans as they are leveraged to Eastern Europe. German Finance Minister Peer Steinbrueck became the…

I am skeptical as to the economic benefits of the Eurozone. In my view, the Euro has always been more of a political construct than an economic one. Nevertheless, the Euro has functioned quite well as a leading international currency in the…

Trolling the web today as is my wont, I happened across an interesting article about the Austrian finance company Immofinanz. It seems that Immofinanz got caught up in the Eastern European property market. Unfortunately, its investments…