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Austria's minister warns Europe faces quiet decline by 2030s without urgent reform

A stark warning from Vienna: Europe's prosperity hinges on swift change. Can centre-right unity reverse the tide of stagnation and regulation?

The image shows a graph on a white background with text that reads "The Benefits of Increased...
The image shows a graph on a white background with text that reads "The Benefits of Increased Productivity Over the Last 35 Years Have Not Gone to the Middle Class". The graph illustrates the increase in productivity over the last 35 years, indicating that the benefits of increased productivity have not gone to the middle class.

Austria's minister warns Europe faces quiet decline by 2030s without urgent reform

Wolfgang Hattmannsdorfer, Austria’s Economy Minister, addressed the CDU parliamentary group in North Rhine-Westphalia this week. He stressed the need for faster action in Europe, warning that delays could lead to a quiet decline by the early 2030s. His speech also focused on shared values between the ÖVP and CDU, including hard work and personal responsibility. Hattmannsdorfer began by praising North Rhine-Westphalia’s industrial strength, noting its key role in Europe’s economic output. He also invited Hendrik Wüst, the region’s Minister-President, to Vienna for further discussions.

Criticising the EU’s approach, he argued that excessive regulation without production would threaten Europe’s future. While acknowledging some positive steps—such as delaying the phase-out of free emissions allowances for industry—he insisted more urgency was needed. The minister warned that opponents of the traditional societal model, built on diligence and growth, were becoming louder. He urged centre-right parties to make their values clearer to regain influence in public debate.

Hattmannsdorfer’s remarks highlighted concerns over Europe’s economic direction. He called for stronger industrial policies and a renewed focus on core values. The invitation to Wüst signals potential collaboration between Austria and North Rhine-Westphalia on these issues.

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