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Austria's Far-Right Strikes Historic Deal to Cut Deficit

1/13/2025

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Summary

Story summary

Austrian far-right leader Herbert Kickl has struck a groundbreaking deal with the conservative Austrian People’s Party to tackle the budget deficit. This pivotal agreement aims to save 6.3 billion euros this year, positioning Austria to potentially establish its first far-right government since World War II and bring the deficit below the EU's 3% threshold.

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Story summary

Austrian far-right leader Herbert Kickl has struck a groundbreaking deal with the conservative Austrian People’s Party to tackle the budget deficit. This pivotal agreement aims to save 6.3 billion euros this year, positioning Austria to potentially establish its first far-right government since World War II and bring the deficit below the EU's 3% threshold.