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Raiffeisen is solidifying its influence in Austria, particularly through its connections with the ÖVP and ongoing coalition negotiations. The recent hiring of Rupert Reif, a former spokesperson for key political figures, highlights the significant overlap between Raiffeisen's personnel and political circles, signaling a resurgence in its power dynamics.
Rupert Reif will assume the role of Group Spokesman for Raiffeisen starting April 1, 2025, after stepping down from his position as spokesperson for Federal Chancellor Karl Nehammer. Reif, who has a background in political communications, will lead Group Communications at Raiffeisen-Holding Niederösterreich-Wien and Raiffeisen Landesbank Niederösterreich-Wien, succeeding Michaela Haber. His appointment was confirmed recently, but he will remain silent on the matter until his official start date.
Rupert Reif, former spokesman for Chancellor Karl Nehammer, is set to join the Raiffeisen Group as Group Communications head and spokesperson starting April 1. Reif, who has a history of working with prominent ÖVP figures, succeeds Michaela Haber, who also has an ÖVP background. Clemens Niedrist, previously Brunner's Head of Cabinet, serves as Secretary General at Raiffeisen-Holding Niederösterreich-Wien.
Raiffeisenbank, a member of the ÖVP, contributes €100,000 annually to the party, highlighting the close ties between the two. This relationship has influenced political negotiations, notably the ÖVP's rejection of a bank levy despite record profits in the banking sector, raising concerns about the intertwining of political and economic interests.
The Austrian government, led by Chancellor Herbert Kickl, is implementing a €6.3 billion austerity package that disproportionately affects the underprivileged through new mass taxes and cuts to subsidies, risking job losses and economic stagnation. Business leaders are alarmed, warning that such measures could lead to significant job losses in key industries, while the banking sector exerts influence over government policies, prioritizing their interests over those of ordinary citizens. This coalition of right-wing extremism and capital threatens to undermine both economic stability and climate goals.
Magnus Brunner
People
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