"Public money is always a derivative of private investment"
13 January 2025 | ARD
Christoph Boschan, CEO of the Vienna Stock Exchange, spoke as a live guest on the programme ‘Update Wirtschaft’ about the inappropriate comparison between the ATX and the DAX, share ownership in Austria and the burdensome tax situation for securities holders. In Austria, Germany and Europe in general, politicians must take action to activate private investment, says Boschan: “It is the great misunderstanding of our time to think that all could be done with public money. There is no public money, it is always only a derivative of private investment.” In this context, the CEO demands the reintroduction of a holding period for securities, the expansion of company pension schemes and the idea of a sovereign wealth fund. “Basically, it is generally about, at least in part, aligning social security systems with the capital market”, explains Boschan.
Watch interview here (German only)