austrian

Right wing populist Freedom Party wins Austrian election. Reuters is not pleased.

VIENNA (Reuters) -Austrian voters handed a first ever general election victory to the far-right Freedom Party on Sunday, vote projections showed, illustrating rising support for hard-right parties in Europe fueled by concern over immigration levels. The Eurosceptic, Russia-friendly FPO held a slim lead in opinion polls for months over Chancellor Karl Nehammer’s ruling conservative Austrian …

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The Austrian government bond is in serious trouble. The 100-year bond has lost 74% of its value since 2017 and it looks like it will continue to fall.

In 2017, at a time of negative interest in the Eurozone, Austria re-financed some of its debt with a 100-year bond with 2,1% interest and quite a few institutions bought it. Seems like it was a good deal for Austria’s treasury, but whoever owns that thing is in trouble. With my luck, it was probably …

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