Austria’s government coalition agreed on €5.1 billion ($6 billion) worth of budget steps, including extending a special tax on banks, as part of a two-year framework that seeks to end a European Union probe of its finances.
The plan targets a €2.5 billion reduction in the federal deficit as well as €2.6 billion of measures aimed at boosting growth, leaders of the ruling conservatives, social democrats and liberals said at a press conference late Monday in Vienna. A special bank levy will remain at €350 million, canceling an earlier pledge to reduce the tax.
The announcement is the result of ...