In response to the financial crisis the Austrian government has also set up an emergency fund for cash-strapped banks - je 29.10.2008 08

In response to the financial crisis the Austrian government has also set up an emergency fund for cash-strapped banks. The state is offering banks a total of 100 billion euros in securities and fresh capital. That's a great deal of money for a country that has a national budget of 70 billion Euros. But what worries Austrians the most is the fact that its tourism sector could suffer, as other countries feel the pinch of the financial crisis. +++Syn-Maz+++