Bloomberg News

Austria Must Defend AAA, Brings in Debt Brake, Faymann Tells ORF

November 15, 2011

Nov. 14 (Bloomberg) -- Austria must safeguard its top credit rating by bringing forward a “debt brake” law to avoid being sucked into a debt “maelstrom” like other countries, Chancellor Werner Faymann told state broadcaster ORF today.

“We have to protect Austria against getting into a maelstrom like it happened to other countries, we have to defend our AAA rating,” he said in the interview.

To contact the editor responsible for this story: Boris Groendahl at bgroendahl@bloomberg.net


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