Reform at a stately pace
Spurred by the prospect of economic and monetary union (Emu), Austria is opening its markets to European investors, reforming its stock exchange and leading the charge into eastern Europe.
Elegant Viennese may still stroll beside the Opera House on summer evenings to the sound of Strauss waltzes. But that is one of the few certainties that remains in a society facing three challenges: preparing for the euro, coping with further deregulation particularly in the banking sector, and exploiting the opportunities in eastern Europe.
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