2023-05-10 22:00:17
Issue of Thursday, May 11, 2023
Innsbruck (OTS) – Chancellor Karl Nehammer was verbally all Robin Hood yesterday. It cannot be that corporations make billions in profits on the backs of the people. “It cannot and must not go on like this. Not anymore!”
In an exclusive TT interview, the chancellor had already brought into play a skimming off of profits from energy companies, which was also viewed with great skepticism within the ÖVP. This actually came, but apparently only with a modest effect. Now it should be sharpened here if there are no price reductions. When it comes to energy, tough and controversial interventions are not taboo, and the government wants to bring regarding a downward price turnaround for food, which has also become much more expensive, by means of enforced transparency. In addition, unspecified measures to tighten competition law and freeze public fees have been announced – not only, but especially here the principle of hope predominates, because the federal government can actually impose freezes on its own fees, but the states and municipalities can dependent on their goodwill.
It is an anti-inflation package that, like previous ones, consists primarily of headlines. It remains to be seen what the specific regulations will look like. And it is probably not a very bold prophecy that there must and will be more packages before the hoped-for price brake effects will set in.
So far, Austria has acted in a similar way to inflation as it did during the corona pandemic: with very lavish public cash injections on credit in an international comparison. Of course, one might already argue regarding the effect of Covid – for example in comparison to Switzerland, which is far more economical but also does not act so rigidly in terms of measures.
Unfortunately, when it comes to inflation, the comparison makes it even more certain at the moment – namely that Austria, with its recently increased inflation, is in the expensive EU top ranks. And it has been criticized over and over once more for the fact that the government’s subsidy measures have fueled inflation with the watering can. But this has not prevented the opposition or the Austrian Trade Union Federation from demanding further sweets for everyone. What is actually needed is help for the socially disadvantaged and measures (whether through a national alliance between the social partners or even state intervention) which, unfortunately, set the wage-price spiral in motion
finally breaking through to the top.
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