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Austrian Chancellor says he will resign after talks on forming government fail

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The next government in Austria faces the challenge of having to save between 18 and 24 billion euros, according to the EU Commission.
Austrian Chancellor Karl Nehammer announced his resignation following the failure of talks to form a new government after the recent elections. The elections resulted in a fragmented parliament with no clear majority, leading to prolonged negotiations among various political parties. Despite efforts to broker a coalition, disagreements on key policy issues and power-sharing arrangements could not be resolved. Nehammer, who has been in office since 2021, stated that his decision was made to pave the way for new leadership to attempt to resolve the political deadlock. His resignation marks a significant moment in Austrian politics, potentially leading to another round of elections or a different coalition configuration.

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