Tuesday, 27. January 2015
15. 10. 13. - 16:00
Helmut Brandstätter is the editor and publisher of Kurier newspaper, who had an interesting point of view with regards to the current negotiations on forming a new government.
For our readers, the article is reproduced here in English:
"After an electoral defeat, it is usually the ÖVP that pours on the anguish. However this time it is the SPÖ that has forgotten its traditional discipline and has become a babble of voices about what to do next. In particular some labour groups seem to believe that an approach to the FPÖ might help win back workers votes.
"An article by Andreas Mölzer in last Friday’s Die Presse has been praised by the men in dark suits who want to churn out more ‘blue’ men. These FPÖ fellow travellers recommend that our country should take a special course within the EU, rather like the English.
"Britain has roughly three times the rate of youth unemployment, and the unemployed generally fare worse than in Austria. Some sectors of industry have died out on the Island, and the City of London has blocked a financial transaction tax. The value of the Euro is now roughly a third (sic) above the Pound compared with the rate when the Euro was launched. Is this an example?
"Before the election, the leader of the FPÖ, HC Strache, announced in the Kurier that he will demand a referendum on the Euro. Do labour leaders want this ? Alternatively, will they consider the dependence on exports of our industrial sector?
"It is strange that a few so called intellectuals find all of this exciting and that experienced politicians should be taken in. This shows that social democracy is in confusion."
But Mr Brandstätter appears to have reached various conclusions and then chosen economic data to agree with his prejudices.
As Ken Cameron pointed out in an open letter to the Kurier editor:
"Let us try to take a more intellectually honest view of the position in the EU, the UK, and Austria.
"Youth unemployment is currently EU 23%, UK 21%, Austria 8%.
"Both Germany and Austria have low unemployment however the UK is below the EU average and the rate is now falling. Car manufacturing is a good indicator of industrial performance.
"In 2013 the UK is expected to produce over 1.5 million cars and in the near future it will become the second biggest car maker in the EU. The City of London dominates all other financial centres in Europe.
"A tax on financial transactions would be a totally unacceptable handicap on UK business, sending taxes from the UK to Brussels.
"The Pound has declined against the Euro by 19% during the last 10 years mainly because the financial crash has had a disproportionate effect on UK financial services. The Bank of England has used Quantitive Easing to refinance the banking sector and encourage exports. Without QE the economy may have declined further but with a harder currency; perhaps €1.35 as against today’s €1.18.
"Finally, let us take a look at two other comparisons. All modern western democracies are mostly based on the London Westminster model including the United States.
"Democracy depends on the struggle between centre left and centre right parties because this produces accountability and helps prevent corruption. Austria has mainly Große Koalitions, Proporz, and rampant corruption especially in the upper echelons of society.
"For example, Bank Austria's link to Bernie Madoff’s Ponzi Scheme was not reported by Kurier ( until 13 October, after the general election ). The UK has free media. Newspapers do not take subsidies from the government as this would corrupt their duty to hold politicians to account.
"The UK does not have defamation laws that restrict the media and prevent sound investigative journalism about corrupt politicians, judges, police, doctors, business and so on. The ORF fee ( Gebühr ) is 245% higher than the BBC – the BBC has no advertising. ORF is probably overmanned by 50% because of Partei Buch Proporz.
"Is there much doubt that if Proporz ( uneconomic non jobs ) were to be taken out of the Austrian economy, actual unemployment would be … higher ? We have a saying in English ‘people who live in glass houses should not throw stones’."
Ken Cameron is a retired financial expert currently living in Vienna.
** The Pound was worth about €1.50 when the Euro was launched. Now €1.18. The Pound is an independent floating currency. Austria benefits from its relationship with Germany, its main trading partner.
First Images Of Eurovision Stage
These are the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year's winner Conchita Wurst.
Russian Mafia Boss Nabbed At Vienna Railway Station
A Russian mobster wanted for a string of brutal murders was arrested in the gentile Austrian capital Vienna when commandos swooped as he went to buy a train ticket.
Teen Girls Arrested After Offering Themselves To IS Fighters
Austrian officials who recently cracked down on terrorism by arresting several people believed to be recruiting and fundraising for ISIS have revealed two more teenage girls tried to leave the country to marry terrorist fighters.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
Kid Left In Coma After Beaten By Teacher For Talking
This is the shocking image of a little Chinese girl before and after she was punished by her teacher - for talking in class.
Freezing Rain Causes Chaos In Central Europe
Freezing weather has arrived in Europe with a vengeance with a layer of ice blanketing parts of Austria, Germany and the Czech Republic and causing traffic chaos.
Holey Smoke As Car Disappears Down Sinkhole
Motorist Wei Hsiao found himself in a hole lot of trouble in China when a giant sinkhole opened up on the road beneath him, swallowing his entire car.
Shock Moment Police Helicopter Explodes On Street
This is the moment a police helicopter exploded into a spinning ball of flame in Chile when a fire truck clipped one of its rotors.
The most popular stories –
last 7 days
|Russian Mafia Boss Nabbed At Vienna Railway Station|
|First Images Of Eurovision Stage|
|Butterfly Boy Whose Skin Is Falling Off|
|Vigilantes Filmed Beating Woman For Talking To Man|
|Lorry Carrying Fireworks Explodes After Driver Lights Up Fag|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.