Werner Faymann, Austrian Chancellor said that “Greece should get more time to repay its debts provided that it sticks to reforms and savings targets agreed with the European Union. The most important thing is that the Greeks stick to the reforms and savings targets agreed with us. If that is guaranteed, I am in favour of a delay in the repayment." The delay could be for 2 to 3 years.
Austria supports Greece and would like the country to be in the euro zone. Austria argued that with the current state of crisis and unemployment, Greece should be given a minimum 2 to 3 years for repayment.
Austria has managed to stay out of the euro crisis. Tourism and other industries have contributed to Austrian economy. With a surge in tourists, the economy outlook for Austria remains positive. Central bank of Austria has reported that there was a 2.8% increase in lending amount to business customers. Economists have predicted that there will be a 0.8% rise in Austrian economy in 2012.
Multinational companies are setting up their base in this European country. Foreign workers are migrating to Austria for a better future and also to enjoy the exquisite international life style and facilities. As immigration grows, the economy of Austria also will see a boost in its economy.
Austria issues Red-White-Red card for overseas workers who wish to work and get settle in Austria RWR card is available for third country professionals and is issued to
