The Impact of EU Membership on National Economic Policy (Der Einfluss der EU-Mitgliedschaft auf die nationale Wirtschaftspolitik)

Membership in the European Union requires national economic policies to be oriented towards the Community goals of economic growth, stability and cohesion. When entering the EU in 1995, Austria's economy was characterized by a high productivity level and a successful hard currency policy, i.e. excellent preconditions for conducive integration into the common market. Some adjustment was required, however, to tighten the loose fiscal stance of preceding years