Rocky road for austria peaks sale

Austria has been forced into a climbdown over plans to sell off two alpine summits.

The proposals to offload the peaks sparked outrage among residents and politicians, and prompted an emergency meeting between economics minister Reinhold Mitterlehner and officials in charge of selling national property to the private sector.

"We have suspended the sale to evaluate alternative possibilities," a spokesman said.

The spokesman added that the peaks would most likely still be sold, but buyers would be restricted to "Austrian institutions" instead of the highest free-market bidders.

Source: Assetz.co.uk