The deepening of the European Union which accompanies EMU and the euro is therefore not simply the most suitable response to internationalization and globalization, but also a bulwark against any maneuvers to reverse liberalization in Europe. Deepening European integration is crucial especially for small open economies, no matter whether they are already Member States like Austria or accession countries.
The total value of the assets of the pension sector, in October 2021, reached 2.29 billion Euros, compared to 2.07 billion in October 2020, which corresponds to an annual increase of 10.7 percent. The pension sector marked a positive financial performance, marking a return on investment of about 133 million Euros. New pension contributions during this period amounted to about 157 million Euros.