- Title: 114 AT FM Bluemel presser
- Date: 16th March 2020
- Description:Austria assures national cash flow is secure despite withdrawal spike amid coronavirus crisis The Austrian Finance Minister Gernot Blümel, representatives of the Austrian National Bank and financial institutes, and the governor of the Austrian National Bank have held a joint press conference in Vienna to discuss the economic impact of COVID-19. The supply of cash and payment transactions in Austria is secured, assured the Minister of Finance Gernot Blümel, the National Bank Governor Robert Holzmann and the Chairman of the Banking Division, Andreas Treichl. Speaking at the Federal Chancellery on Monday, Holzmann said that Austrians had withdrawn two to three times as much cash as usual in the last few days. The message: rest assured, Austria is in a position to sufficiently secure its cash needs, said the Governor. Shotlist - SOUNDBITE (German) Gernot Blümel, Austrian Finance Minister: "This crisis does not touch a single industry, this crisis touches all business divisions, the whole Austrian economy. That's why it is important that all sectors contribute so that we can go through the crisis. Thanks to the closing of ranks between the banks, the national bank and the regulation authorities. They work all together with the aim to facilitate the survival of the businesses. Thank the financial institutes for their flexibility for granting liquidity support, credit deferrals or a flexible handling of credit costs for Austrian businesses." "Concerning tax deferral, I advised the financial authorities offer the non-bureaucratic possibility for businesses concerned by corona [coronavirus] to make quick applications, only two lines, we check that electronically. It is important that we are non-bureaucratic and flexible. The financial authorities will work in this way and I think all others too." "In the afternoon we will do a telephone conference with the ECOFIN talking on how to handle the crisis on the European level. In Austria we do what we can, quick and intense, and this will also be possible at European scale." - SOUNDBITE (German) Robert Holzmann, Governor Austrian National Bank: "The Austrian National Bank is always able to ensure the cash supply in Austria." - SOUNDBITE (German) Gottfried Haber, Vice Governor Austrian National Bank: "The reserves we built in the last years are now available to intercept negative developments and to ensure the further cash supply of the Austrian businesses."
- Collection: ORF
- Genre:News
- Producer:ORF
- Transmission Date:16/03/2020
- Decade: 2020s