Austrian Parliament Falls Short Of Loosening Bank Secrecy Laws

July 8th, 2009

Agence France-Presse

VIENNA — Austrian members of parliament failed Wednesday to approve a resolution relaxing the country’s strict banking secrecy laws, which came under fire this year.

The amendment needed two-thirds of the vote to pass. The ruling Socialists and conservatives were unable to secure the support of any of the opposition parties.

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