Topic: Austria
The financial crisis that reached its most critical phase two years ago with the fall of Lehman Brothers had some big winners-in Asia, Latin America, and Scandinavia. The biggest losers came from the European periphery, whose worst basket cases - Greece, Ireland, ...
The financial crisis that reached its most critical phase two years ago with the fall of Lehman Brothers (LEHMQ. The biggest losers came from the European periphery, whose worst basket cases-Greece, Ireland, Iceland, and so on-have become to this decade what Brazil, ...
This is the second to last installment in my pan-European sovereign debt crisis series. Considered a rare and extreme form of recession, a depression is characterized by its length, and by abnormal increases in unemployment, falls in the availability of credit, shrinking ...
In the links Monday, I pointed to an FT article detailing the Austrian government's nationalization of the insolvent bank Hypo Group Alpe Adria (HGAA). The purchase of HGAA by BayernLB even after a global housing bubble had popped needs investigation and reminds ...
In recent years, Austria has experienced an increase in angel investment activity, becoming a thriving venture capital market and continues to grow despite the recent global economic recession. Austria is one of the wealthiest countries in the world and provides very accommodating ...
Austria's budget deficit will rise above the European Union's ceiling in the coming years, but will remain below the average expected for the euro zone, Austria's finance minister said on Tuesday. Finance Minister Josef Proell told parliament the budget was heavily influenced ...
After spending a month sewing the beading on to her white satin gown, Russian student Emma Akopjan is attending her first Vienna ball and hopes to forget the economic downturn for just one magical night. 'It does not depend upon whether it ...
Vienna's glitzy Opera Ball can count on the rich and famous again on February 19, despite the global financial crisis, organiser Desiree Treichl-Stuergkh announced Thursday. "Tickets for the 2009 edition have already been sold out," she told a press conference. "The Ball ...
Germany, Austria support aid package for Eastern EuropeanThe German and Austrian chancellors stressed the importance of helping Eastern European nations weather the global financial crisis, but stopped short of discussing any specific aid measures after talks Wednesday.Chancellor Angela Merkel said both Germany ...
Austrians waltz away their woes at balls as tough economic times take holdCouples in elegant ball gowns and tails. In recent weeks, the dismal outlook has pressured Austrian business executives to shy away from expensive evenings out, including balls.But that didn't stop ...