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Austria may issue less debt in 2012 than currently planned

VIENNA (Reuters) - Austria may issue less government debt this year than it is currently planning, the head of the national debt office said on Tuesday, as Vienna hikes taxes and cuts spending to shake off concerns related to the euro zone debt crisis. Standard & Poor's stripped Austria of its AAA rating and gave it a negative outlook in January, but the government is hoping its package of fiscal measures aimed at raising nearly 28 billion euros will help convince the markets of its fiscal stability. ...

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