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“Measures against tax havens and tax evasion are on the agenda. Austria is expected to align itself with Switzerland and Luxembourg, whose minister of finance has stated that he is ready to make concessions on banking secrecy. Austria should participate in talks on banking secrecy,” Austrian Chancellor Werner Faymann declared to the daily.

European pressure on Austria over this issue has “prompted highly charged debates in the country,” remarks Die Presse.

Faymann’s declaration directly contradicts remarks made a few days ago by Finance Minister Maria Fekter, who insisted that Austria “would not give one millimetre” on the issue of banking secrecy.