Connect with us

Hi, what are you looking for?

Economy

Austrian coalition talks collapse, chancellor to step down

VIENNA (Reuters) -Talks between the two biggest centrist parties in Austria on forming a coalition government without the far-right Freedom Party (FPO) have collapsed, Chancellor Karl Nehammer said on Saturday, adding that he would step down in the coming days.

The announcement came a day after a third party, the small, liberal Neos, threw the process into disarray by saying it was quitting the talks, blaming the other parties for failing to take the bold and decisive action it said it had called for.

“I will stand down as chancellor and as leader of the (conservative) People’s Party in the coming days and enable an orderly transition,” Nehammer said in a video statement on X, after coalition talks with the Social Democrats (SPO) continued without the Neos on Saturday.

The eurosceptic, Russia-friendly FPO won the last parliamentary election in September with 29% of the vote. It would have needed a coalition partner to govern and, since Nehammer ruled out governing with FPO leader Herbert Kickl, no potential partner was immediately available.

Austrian President Alexander Van der Bellen, a former leader of the Greens, therefore tasked Nehammer with forming a government. Now that Nehammer is stepping down, the two most likely options are either that Kickl is tasked with forming a government or a snap election is called.

Support for the FPO has only grown since the last election. It holds a lead of more than 10 points over the People’s Party (OVP) and the SPO, opinion polls show.

SPO leader Andreas Babler confirmed at a news conference that the talks had collapsed.

“We know what threatens to happen now. An FPO-OVP government with a right-wing extremist chancellor that will endanger our democracy on many points,” Babler said.

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 beneficialinvestmentnow.com