"Krone" commentary
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The "side letter" - which means "side agreement" in German - of the turquoise-green government has not lapsed after all, as Vice Chancellor Kogler had recently claimed. And ÖVP Finance Minister Magnus Brunner will become Austria's future EU Commissioner after all. When it comes to post shenanigans, the coalition government is still in agreement.
However, the outgoing finance minister is leaving behind something of a "budget disaster". In the first half of 2024 alone, the deficit in our national budget doubled to almost 14 billion compared to the same period in the previous year.
ON THE ONE HAND, the designated EU Commissioner tells us that the costs of past crises are reflected in the national budget. The reason for this huge deficit lies in the additional costs for pensions and for the various subsidies, such as the electricity cost subsidy, etc., he says. So everything is completely normal.
Tunnel space for failed politicians
ON THE OTHER hand, this "deficit" departure of Brunner from the Austrian Ministry of Finance should not really be a recommendation for Brussels. And certainly not for a Commission job in the field of economics and finance. After all, Chancellor Nehammer is likely to have "aged out" such a job during the recent visit by Commission President Von der Leyen. But that probably doesn't matter for Brussels as a traditional playground for failed national politicians.
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