Austrian govt, at odds on forex reserves

Austrian Finance Minister Karl-Heinz Grasser clashed with the central bank on Feb. 5, 2001, when he called for up to $6.8 billion worth of its currency reserves to be used to cut the national debt or boost public spending. The deputy governor of the Austrian National Bank, Gertrude Tumpel-Gugerell, rejected the idea, which she said would require the approval of the European Central Bank (ECB) - a position later lent support by the ECB itself.

In an interview with Format magazine, Grasser, a

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: