Preparedness of Austrian Banks
Brunner praised Austrian banks for their preparedness, stating they have learned from the past financial crisis and are well-equipped to handle potential issues.
Raiffeisen Bank International's Controversial Operations
Brunner defended Raiffeisen Bank International (RBI), which has faced criticism for continuing operations in Russia amidst the ongoing war in Ukraine. He emphasized the bank's compliance with international sanctions.
Other European Banks in Russia
The finance minister highlighted that other European banks also operate legally in Russia, stressing the importance of adhering to all sanctions.
Addressing Austrian Inflation
Brunner expressed concerns about Austrian inflation, which is still too high at 9.2%. He called on the European Central Bank (ECB) to curb price increases, as Austria's economy relies on the ECB's measures as a eurozone member.
