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30 March 2017

Die Presse: The consequences for Austria


Die Presse writes about the effects the divorce between the UK and the EU would have on Austria, highlighting the Austrian sectors that would be most affected by Brexit.

The article comes to the overall conclusion that Austria’s political influence would be diminished while bigger Member States would be able to assert themselves even more. Its membership fee would be increased by about 15% of the UK's current yearly contribution. In numbers this would mean an additional 165 billion euros per year for Austria. Traveling from the UK to the EU could also become more expensive, possibly leading to a loss of British tourists in Austria. There are also concerns regarding branches of Austrian companies located in the UK, where jobs are expected to be cut.

The article in German: Die Scheidung

Sourcing and translation by European Movement International (Brussels)



© DiePresse.com


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