Tuesday, February 3, 2009

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The State as Banker

Wiener Zeitung: In Berger's diary


great success because the piece will now be given to a new venue: The Republic is trying to be a banker. Apparently, her rich, the crash of Kommunalkredit and the sad fate of the former federal government or countries belonging HAA banks, Bank Burgenland, Country Bank, central bank, Creditanstalt (not by the German state banks not to mention). Now it is a AWS abbreviated institution over which the State will in future make loans directly.

Is not that great? Now you can dizzy farms in the district party secretaries and chamber bureaucrats again intervene for a loan if they want to give the banks as crisis burned children out of money (after all, was a key cause of the crisis, far too careless lending to non
ability to repay debt).

quick one hidden in the Chamber of Commerce or a survey of small and medium enterprises in secret desk drawers. Because the survey was reliable information according to the - all public Geklage contradictory - has concluded that most companies have no problem with credit. As confirmed by all credit statistics. But the board must be constructed so, well before the next board elections, a success.

What has started with the infamous scrapping bonuses, attracts this AWS-crazy idea - as then predicted - more and more and more dangerous circles. Next, it is required already all around, the taxpayer must be directly liable for bonds that are issued by industrial corporations (instead of the government in with Mickey Mouse theme verzettelnden EU with all the energy that is struggling, that the bad precedent from France, which began with such guarantees, as is prohibited anti-competitive).

And for the governance actually responsible Minister is in all of the main perpetrators. He is obviously mentally not yet arrived in the Federal Government, but acts still as an interest lobbyist for the Chamber of Commerce. Currently, there is still no other member of the Government in the interest of the creditworthiness of Austria and the taxpayers with a clear "Enough already" challenged.

http://www.wienerzeitung.at/tagebuch



-apa, ots-

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