Austrian Finance Minister: Have to Start Talking About Stimulus Now

The transcript discusses Austria's economic measures to combat the virus, including GDP allocation to local companies, unemployment rates, and short working schemes. It covers state aid negotiations for Austrian Airlines, government support plans for businesses, and challenges with European regulations. The focus is on balancing economic support with regulatory compliance.

What was one of the initial steps taken by Austria to combat the virus's economic impact?

• Increasing import tariffs

• Cutting down on public spending

• Providing guarantees and loans to businesses

• Reducing taxes for all citizens

How does Austria's unemployment rate compare to Germany and Switzerland?

• It has decreased more slowly

• It has increased more quickly

• It has remained stable

• It is lower than both countries

What is the purpose of Austria's short working scheme?

• To provide full wages to unemployed

• To reduce the number of working days

• To increase working hours

• To prevent layoffs by subsidizing wages

What is Austria considering in exchange for providing state aid to Austrian Airlines?

• A share in the company

• A merger with another airline

• A reduction in ticket prices

• A new fleet of aircraft

Why is the aviation industry significant for Austria?

• It contributes the most to GDP

• It is crucial for Vienna's strategic position

• It is the only industry unaffected by the pandemic

• It is the largest employer in the country

What is a major complaint from companies about accessing government support in Austria?

• The support is only for large companies

• The process is too fast

• There are too few documents required

• The process is too bureaucratic

What is one challenge Austria faces due to European Commission regulations?

• Lack of funding for businesses

• Strict definition of healthy companies

• Inability to trade with non-EU countries

• High import duties on essential goods