00:00Austria's far-right party and conservatives have reached a budget agreement, according
00:07to far-right leader Herbert Kicill on Monday. The two parties agreed to 6.3 billion euros
00:14in savings to cut Austria's deficit below the EU's 3 percent limit. Kicill, whose Freedom
00:20Party won Austria's parliamentary election in September, received a mandate to try to
00:25form a government with the conservative Austrian People's Party a week ago. The conservatives
00:31had previously attempted to form a government without Kicill, but lengthy talks with two
00:36other mainstream parties collapsed. Conservative Austrian leader Karl Nehammer resigned following
00:42his failed attempt to put together a new coalition. In the meantime, Foreign Minister Alexander
00:48Schellenberg has taken over as interim chancellor. Negotiations to form a new government could
00:55take months and aren't guaranteed to succeed.
Comments