Austria Has Its Own Little Greece to Deal With
Carinthia, the Austrian province of 556,000 people bordering Italy and Slovenia.
Photographer: Peter Bischoff/Getty ImagesThis article is for subscribers only.
They splurged until the debt crisis pulled the rug from under them. Then creditors forced them to change course, while politicians are resisting demands for more austerity and are toying with insolvency.
Rather than Greece, this is Carinthia, the Austrian province of 556,000 people bordering Italy and Slovenia. The region is resuming talks on Thursday about a 343 million-euro ($375 million) emergency loan from the Treasury to avoid running out of money for salaries and payments due in four weeks.