VIENNA (Reuters) – Austrians voted in a parliamentary election on Sunday with a resurgent far right party challenging the political establishment and calling for an end to taxpayer-funded bailouts of struggling euro zone countries.
The governing Social Democrats (SPO) and their People’s Party (OVP) conservative partners were counting on their record in piloting the Alpine republic through the global financial crisis relatively unscathed to win another five-year term.
VIENNA (Reuters) – Austria’s far-right Freedom Party (FPO) appears likely to raise its share of the vote in Sunday elections, drawing on fears over bailouts for needier euro zone countries and the cost of supporting asylum seekers.
Social Democrat Chancellor Werner Faymann’s government coalition may well survive, but opinion poll trends suggest the FPO could overtake his conservative junior partner, the People’s Party. Austria’s overall prosperity at a time of hardship in Europe has done little to dampen historic unease at immigration.
VIENNA (Reuters) – Austrian far-right leader Heinz-Christian Strache is determined to stop the Alpine republic from bailing out poorer euro zone nations, even if it costs him a place in the next government.
Strache said his Freedom Party (FPO), long led by the late Joerg Haider, will not join a coalition after a September 29 parliamentary election unless there is a referendum on Austria’s participation in the European Stability Mechanism, which provides rescue funds to backstop ailing euro zone members.
VIENNA, Sept 12 (Reuters) – Austria’s central bank denied a
report on Thursday that it believed nationalised bank Hypo Alpe
Adria could need as much as 17 billion euros ($23
billion) in fresh state aid.
Der Standard newspaper had reported the figure as a
worst-case scenario, saying this came from an internal central
bank (OeNB) report on the troubled lender, which has already
received more than 3 billion euros from the government.
VIENNA, Sept 6 (Reuters) – Alexander Proschofsky is happy to
be one of a kind but would sometimes welcome company from others
prepared to campaign against underperforming corporate
executives in Austria.
The 43-year-old founder of Cube Invest, best known for his
leadership of a 2007-08 shareholder revolt against Julius Meinl
over the management of his namesake bank, is a rare example of
an activist investor in a culture where consensus is the norm.
VIENNA, Sept 3 (Reuters) – Nokia’s $7.2 billion
sale of its core phones division to Microsoft leaves
three disparate high-quality business units whose value should
benefit from the deal.
The central operating business will now be the cleaned-up
networks unit NSN – once again profitable and wholly owned by
Nokia after buying out former partner Siemens – along
with a mapping unit and a valuable collection of patents.
ALPBACH, Austria, Aug 29 (Reuters) – Major central banks’
reassurances that interest rates will stay low for some time are
giving markets “a certain security”, a European Central Bank
policymaker said on Thursday.
Another European official, however, warned against
complacency and said it was too soon to say the euro zone crisis
ALPBACH, Austria (Reuters) – The fragile European economic recovery seen in the second quarter should continue into next year and become more solid, the European Commission’s top economics official told Reuters on Thursday.
Olli Rehn said greater fiscal credibility in euro zone countries, action by the European Central Bank to stabilize markets and better economic governance had all strengthened the currency bloc’s ability to withstand political shocks.
ALPBACH, Austria (Reuters) – Major central banks’ reassurances that interest rates will stay low for some time are giving markets “a certain security”, a European Central Bank policymaker said on Thursday.
Another European official, however, warned against complacency and said it was too soon to say the euro zone crisis was over.
VIENNA/DUBLIN, Aug 20 (Reuters) – Two major European
building suppliers said on Tuesday they saw only gradual
stabilisation in Europe, disappointing markets that had expected
better news given recent positive economic data.
Wienerberger, the world’s largest brickmaker, said
construction activity in its major markets of France, Benelux
and eastern Europe was lagging the United States and Britain,
and Ireland’s CRH cut its full-year earnings outlook.