Background
NOWOTNY, Ewald was born on June 28, 1944 in Vienna, Austria. Parents: Doctor Ernst Nowotny and Doctor Alma Nowotny (née Abl).
economist politician university professor
NOWOTNY, Ewald was born on June 28, 1944 in Vienna, Austria. Parents: Doctor Ernst Nowotny and Doctor Alma Nowotny (née Abl).
University of Vienna, Doctor of law, 1962-1966. Institute of Advanced Studies, economics, 1966-1968. American Council of Learned Societies Scholar, Havard University, USA, Department of Economics, 1971-1972.
Qualified as university lecturer, 1973. Spoken languages: English, French.
Since 1974, he has held various functions in the Austrian Social Democratic Party. From 1999 to 2003, Professor Nowotny was vice president of the European Investment Bank in Luxembourg. From the beginning of 2006 until mid-2008, he was the Chief Executive Officer of BAWAG P.S.K.
With the 2011 round of the Greek financial crisis, "ome analysts signs of growing tensions between European officials and the ratings agencies" and Nowotny gave voice to the concern, saying "that ratings companies were making it more difficult to stabilize the Greek debt situation.
"We have a somewhat strange situation. The banks themselves are ready, because they also have an interest in that, to stabilize Greece," Nowotny said in Vienna, according to Dow Jones Newswires.
"The ratings agencies are being in this European matter much stricter and more aggressive than in, for example, similar cases in South America."” In summer 2011, Nowotny said it’s the ECB’s responsibility to decide whether or not to accept Greek debt as collateral in case rating agencies slap the country with a default rating. “At the end of the day it has to be the decision of the ECB. The ECB should not be totally dependent on rating agencies,” Nowotny said in an interview with Consumer News and Business Channel. “lieutenant is our own responsibility, our own decision.
We have proved this in the case of Ireland, Greece and Portugal, with regard to what kind of collateral we accept.” In May 2015, with a new round of the Greek government-debt crisis, Nowotny said while discussions "may be refreshing by bringing in new ideas" "but at the end of the day, they must results", adding that discussions are "not about playing games" and are "more a political question than an economic question." He said at the same time that he "doesn"t see the ECB"s role as creating a federalized financial government inside the euro zone.".
Roman Catholic
Quotations: "more a political question than an economic question.".
Trilateral Commission]
He was a member of the Nationalrat, the more important chamber of the Austrian parliament, from 1978 to 1999. Since September 2008 he has served as the Governor of the Austrian National Bank and member of the ECB governing council.
Spouse Doctor Ingrid Nowotny (née Tschida), 1967. Children: Florian.
