Home » Posts tagged with » Austrian National Bank

At a Banker’s Discretion

At a Banker’s Discretion

      Granny’s Dangerous Savings Account, 9 Apr. by Eric Frey Austria has now given in to international pressure and declared itself ready for an automatic exchange of information in the EU. Foreign tax exiles will no longer be protected, though the domestic small saver will be fine. For domestic bank secrecy, supported by […]

Austrians Keep Their Secrets

Austrians Keep Their Secrets

Changing banking laws is tricky, wherever it’s done. It affects nations, businesses and citizens – in fact, everything. In Austria, the last big change was made in 1996, when it was decided that Austrian savings accounts (Sparbücher) could no longer be anonymous. By 2000, it was literally impossible to open a savings account without showing […]

A Debt Ceiling for Austria

A Debt Ceiling for Austria

  On Whose Head Will the Debt Ceiling Fall, 18 Nov. by Hermann Sileitsch What is the best guarantee of a balanced national budget: a debt ceiling? No. It is responsible and strong-willed politicians. We are still waiting eagerly for evidence of this: […] Until now it has been impossible to predict on whose head […]

Italy Downgraded

On 4 Oct., the rating agency Moody’s downgraded Italy’s sovereign debt from Aa2 to A2, with a “negative outlook”, suggesting further downgrades could follow. In its report, Moody’s said the decision was driven by the debt crisis, which was causing a “sustained and non-cyclical erosion of confidence” in Europe and increasing “long-term funding risks” for […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone