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“Hedge-Funs makes it possible to become more rich, but only for the rich ones”, say the Austrian critics of globalisation from the organization “Attac”.

The movement against globalisation want a general prohibiton of Hedge Funds in Austria. The main reason for their demand is the endangering of the stability of the financial market.

According to the information of Attac, Hedge Funds obtained an average interest rate of 12,9 percent in 2006. The income of the of the population in the belower levels decrease, while global millionairs obtain divine interest rates of the multiples over the economic growth.

“This kind of trend is a clockwork bomb”, warns Attac-expert Christian Felber. Millionairs should give one percent of their income to finance the minimum goals of the United Nations. This one percent would bring 254 billion EURO (330 billion Dollars).