Berliner Boersenzeitung - Austria faces uncertainty after historic far-right election win

EUR -
AED 4.112591
AFN 76.750983
ALL 98.88992
AMD 433.647076
ANG 2.017514
AOA 1056.430809
ARS 1082.171509
AUD 1.616879
AWG 2.018254
AZN 1.905758
BAM 1.95659
BBD 2.260333
BDT 133.749504
BGN 1.956844
BHD 0.422005
BIF 3246.810661
BMD 1.119697
BND 1.434379
BOB 7.763203
BRL 6.05969
BSD 1.119452
BTN 93.550764
BWP 14.576884
BYN 3.663579
BYR 21946.061111
BZD 2.256511
CAD 1.513438
CDF 3207.931367
CHF 0.943882
CLF 0.036405
CLP 1004.547213
CNY 7.851764
CNH 7.829296
COP 4665.486259
CRC 581.834873
CUC 1.119697
CUP 29.67197
CVE 110.309529
CZK 25.183126
DJF 199.350473
DKK 7.456044
DOP 67.407211
DZD 147.975817
EGP 54.067256
ERN 16.795455
ETB 131.820513
FJD 2.441108
FKP 0.852715
GBP 0.835436
GEL 3.045738
GGP 0.852715
GHS 17.687298
GIP 0.852715
GMD 76.702514
GNF 9665.132044
GTQ 8.661574
GYD 234.086586
HKD 8.694184
HNL 27.827482
HRK 7.612832
HTG 147.529554
HUF 396.898955
IDR 16980.48486
ILS 4.149188
IMP 0.852715
INR 93.819131
IQD 1466.491988
IRR 47144.842125
ISK 150.677363
JEP 0.852715
JMD 176.068839
JOD 0.793412
JPY 159.836189
KES 144.406982
KGS 94.282631
KHR 4545.835047
KMF 494.486177
KPW 1007.726661
KRW 1469.232866
KWD 0.341564
KYD 0.932877
KZT 538.617427
LAK 24718.978472
LBP 100248.96348
LKR 331.643877
LRD 216.617443
LSL 19.238338
LTL 3.306174
LVL 0.677293
LYD 5.308171
MAD 10.862585
MDL 19.517879
MGA 5072.047467
MKD 61.600256
MMK 3636.732164
MNT 3804.73034
MOP 8.955515
MRU 44.275268
MUR 51.359622
MVR 17.198494
MWK 1941.18361
MXN 21.995255
MYR 4.617069
MZN 71.520661
NAD 19.238166
NGN 1868.59505
NIO 41.196998
NOK 11.763928
NPR 149.681423
NZD 1.76197
OMR 0.430971
PAB 1.119452
PEN 4.158916
PGK 4.452797
PHP 62.781968
PKR 310.875293
PLN 4.278139
PYG 8724.521885
QAR 4.081648
RON 4.974474
RSD 117.05336
RUB 104.214371
RWF 1500.605759
SAR 4.200557
SBD 9.285025
SCR 15.250163
SDG 673.503614
SEK 11.300917
SGD 1.434225
SHP 0.852715
SLE 25.582056
SLL 23479.480388
SOS 639.758255
SRD 34.375255
STD 23175.467146
SVC 9.794954
SYP 2813.27222
SZL 19.236765
THB 36.110793
TJS 11.922526
TMT 3.918939
TND 3.397602
TOP 2.622441
TRY 38.272122
TTD 7.610072
TWD 35.475919
TZS 3056.772886
UAH 46.144728
UGX 4130.667454
USD 1.119697
UYU 46.688847
UZS 14234.873416
VEF 4056161.188623
VES 41.278473
VND 27505.356693
VUV 132.932677
WST 3.132311
XAF 656.221901
XAG 0.035749
XAU 0.000424
XCD 3.026037
XDR 0.826133
XOF 656.221901
XPF 119.331742
YER 280.288147
ZAR 19.233528
ZMK 10078.620022
ZMW 29.638626
ZWL 360.541976
  • NGG

    -0.0400

    69.69

    -0.06%

  • BP

    0.1600

    31.58

    +0.51%

  • SCS

    0.1960

    13.346

    +1.47%

  • BTI

    -0.3200

    36.52

    -0.88%

  • CMSC

    -0.0528

    24.72

    -0.21%

  • GSK

    -0.0250

    40.685

    -0.06%

  • RYCEF

    -0.0100

    7.03

    -0.14%

  • BCC

    0.2700

    141.76

    +0.19%

  • RIO

    -0.1550

    71.075

    -0.22%

  • BCE

    -0.1500

    35.04

    -0.43%

  • JRI

    0.0570

    13.637

    +0.42%

  • RBGPF

    4.6500

    64.75

    +7.18%

  • AZN

    -0.0350

    77.585

    -0.05%

  • VOD

    -0.0400

    10.05

    -0.4%

  • CMSD

    -0.0690

    25.011

    -0.28%

  • RELX

    -0.5050

    47.055

    -1.07%

Austria faces uncertainty after historic far-right election win
Austria faces uncertainty after historic far-right election win / Photo: ROLAND SCHLAGER - APA/AFP

Austria faces uncertainty after historic far-right election win

Austria entered uncharted territory Monday after the far right scored a historic national election win, with parties facing an uphill task to form a new government.

Text size:

The far-right Freedom Party (FPOe) under Herbert Kickl has rapidly regained ground lost in a string of corruption scandals, winning 28.8 percent in Sunday's vote, according to preliminary projections.

The FPOe beat the ruling conservative People's Party (OeVP) (26.3 percent) into second place and the left-wing Social Democrats (SPOe) into third on 21.1 percent.

But all other parties have refused to work with Kickl because of his radical proposals.

"Winner -- and what now?" said the daily Kurier's main headline with a photo of Kickl giving a thumbs-up.

A vocal critic of the European Union and its sanctions against Russia for its 2022 invasion of Ukraine, Kickl's abrasiveness has left him isolated among Austrian lawmakers -- and beyond.

Uncertainty over what would happen next dominated the Alpine country, as Kickl's FPOe could end up being sidelined like some of its far-right allies in Europe.

"Times are changing," Dutch far-right firebrand Geert Wilders posted on the X social media platform after Austria's election results were announced, listing 11 European countries where nationalist parties were "winning".

In neighbouring Hungary, Prime Minister Viktor Orban hailed the FPOe victory as "another win for the #Patriots". French far-right leader Marine Le Pen expressed "delight" at the "groundswell that carries the defence of national interests, the safeguarding of identities and the resurrection of sovereignties".

- 'Tough and turbulent' talks -

With Sunday's victory ahead of the OeVP, Kickl surpassed results bagged by his predecessors Joerg Haider and Heinz-Christian Strache.

But apart from a few hundred protesters, the far-right win did not trigger major demonstrations.

"We were expecting it, so we're neither totally shocked nor delighted," Isabella, a Vienna woman who declined to give her surname, told AFP.

Austria's powerful Kronen Zeitung tabloid noted that "something revolutionary hangs in the air", adding that coalition talks would be "tough, long and turbulent".

Talks to form a new government in Austria on average take at least two months.

The immediate focus was on President Alexander Van der Bellen, who will choose the politician tasked with forming a government.

"Traditionally, he hands over the mandate to the party that comes first," said Andreas Eisl, a researcher at the Jacques Delors Institute.

Having voiced past reservations about Kickl, Van der Bellen on Sunday promised to make sure a government is formed that respects the "foundations of our liberal democracy", stressing that it will need the majority support of 92 MPs.

Tasking the FPOe with sounding out partners for a coalition is symbolically charged: it would be a first since 1945 for a party founded by former Nazis and led by a man who has called himself the future "Volkskanzler", the people's chancellor, as Adolf Hitler was termed.

However, Van der Bellen could go back to the conservatives, even after their historic defeat.

"It's a real challenge," said Eisl, noting that the president risks becoming a target of criticism, including by Kickl, who has already slammed what he sees as a "denial of democracy" in the face of his victory.

- Three-way coalition -

If conservative Chancellor Karl Nehammer is asked again he could opt to team up with the the far right, as his party did in 2000 and 2017.

But the conservatives have become more cautious over dealings with the scandal-ridden FPOe, and Kickl does not appear to be inclined to step aside to enable coalition talks, Eisl said.

According to the expert, a "three-party coalition" by the OeVP with the Social Democrats (SPOe) and the liberal NEOS (9.2 percent) could emerge.

"The OeVP and the SPOe have differing views," said retiree Johannes Reiter, adding that they will have to "settle their differences, but ultimately it will happen".

According to the daily Der Standard, Nehammer might drag out talks with other parties before turning to the FPOe.

It would not be the first time the conservative party had "flipped sides", said Eisl.

(T.Burkhard--BBZ)