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debate over bank levy intensifies as economists voice opposing views in austria

A debate is ongoing in Austria regarding a proposed bank levy, with Raiffeisen economist Gunter Deuber warning it could further restrict lending amid already low investment levels. In contrast, OeNB head Robert Holzmann supports the levy as a sensible option for budget restructuring, backed by the Chamber of Labor and the Momentum Institute, who argue that banks should contribute to budget consolidation due to their recent profits.

debate over bank levy intensifies amid economic concerns and differing opinions

Raiffeisen economist Gunter Deuber cautioned that a proposed bank levy could further restrict already limited lending, despite the current strong capitalization of Austrian banks. In contrast, National Bank Governor Robert Holzmann supports the levy as a "sensible choice" for budget restructuring, while the Chamber of Labor and Momentum Institute advocate for banks to contribute to budget consolidation due to their recent high profits.

Raiffeisen opposes bank levy while others advocate for budget contributions

Raiffeisen's Gunter Deuber criticized the proposed bank levy, warning it could further restrict lending amid already challenging economic conditions. In contrast, National Bank Governor Robert Holzmann deemed the levy a "sensible choice" for budget restructuring, while the Chamber of Labor and Momentum Institute advocated for banks to contribute to budget consolidation due to their recent profits.
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