Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

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







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.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 © 2024 dailymarketsolution.com