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City of Bregenz has enormous debts

bregenzThe capital of the federal state Vorarlberg is suffering under an enormous debt of 70.000.000 EUR.

Today the city government presented the external finance expert Peter Pilz to solve the problem.

Pilz says the financial situation of Bregenz is serious, but not hopeless. He is very optimist to be successful, and he will search the talks with the politicans.

The major of Bregenz Markus Linhart from the Peoples Party will present the suggestions of the financial expert to his political competitors today. He don’t wanted to tell any details about the savings before. Linhart hopes his plans will have a widespread consent.

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