Wednesday, 01. October 2014
21. 03. 14. - 13:00
Austria after holding off on signing an EU agreement to curb tax evasion has agreed to drop their opposition to the plan, signalling a step forward in the EU fight against bank secrecy.
Along with Luxembourg, Austria had since 2008 said they were holding back support for such an agreement until similar negotiations over bank secrecy with Switzerland, a non-EU country, had also been worked out.
However today both countries gave the go ahead regardless of the Switzerland deal-breaker with Luxembourg Prime Minister Xavier Bettel saying at a briefing that it has the green light.
"We confirmed today that this is the course we want to follow," he said.
The two countries have in the past come under fire for their opposition to the accord but hints that they could relax their position were made by Austrian Finance Minister Michel Spindelegger earlier this year when said that Austria might be happy to exchange data on bank account holders with EU countries even is similar agreements have not been finalised with Switzerland and Liechtenstein.
"There is no strict conditionality regarding the finished treaties," his spokesperson said at the time. "It is important, however, that there are similar rules in all other countries promptly."
The accord, the idea for which came in the wake of the financial crisis, is seen as essential by those in the European Union to deal with bank secrecy on the continent.
(will be approved by an editor before going online)
Rare Bald Ibis Makes Microlight Flight To Italy
The project to introduce an extinct bird back to Europe is hailing success after successfully negotiating a new route over the Alps and training 14 Northern Bald Ibises how to fly south to winter feeding grounds in southern Tuscany.
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.
The most popular stories –
last 7 days
|Porn Scandal Over Latvian PM Press Aide|
|Evil Dad Hunted By Cops After Beating Son To Force Wife Back|
|High Speed Segway Chase Nabs Crook|
|Bystander Almost Killed When Car Explodes|
|Till Death Us Two Part|
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.