Austria Finance

Austria Finance

Very critical immediately after the end of the war the economic and financial situation of Austria was outlined, restricted in its new borders and upset by the social crisis and the progressive devaluation of the currency, so that numerous relief credits had to be granted to the new republic over the years which immediately followed the peace treaties (France, England, Italy for 48 million dollars, United States for 24 million…

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Austria History in the 1980’s

Austria History in the 1980's

The government chaired by B. Kreisky, thanks to the absolute majority obtained in the 1975 elections, continued its reformist policy based on the expansion of social spending and employment, on the consolidation of the elements of ” economic democracy ” in the the traditional social consultation and the enlargement of civil rights. The general elections of May 1979 confirmed the hegemony of the Sozialistische Partei Österreichs (SPÖ), who further increased…

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