Austria's GDP grew by just 0.3 percent in 2014, making for a sluggish economy for the third year in a row. Causes for the sluggishness were not just continued investment reticence on the part of businesses and muted expenditure on the part of private households but also the lack of any strong...

The European Council, the European Parliament and the European Commission, in an interinstitutional agreement concluded in May 2006 agreed on a new financial framework, thereby fixing the expenditure for the period 2007-2012 for a Union that will then comprise 27 member states. Cohesion policy...