Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for September
M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu
Austrian Times Blog

no picture available

People who live in glass houses should not throw stones

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.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Tag cloud:
labour  English  Kurier  corruption  politicians  euro  financial  lsquo  Cameron  Austria  Pound  London  Ouml  glass  Euro  unemployment  rsquo  exports  currently  Proporz

Latest News

 

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

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.


Austrian Zimmers