• 2025.09.11 (Thu)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > World

Austria Forms Historic Three-Party Coalition Government After Prolonged Negotiations

ONLINE TEAM / Updated : 2025-03-09 14:39:28
  • -
  • +
  • Print

Vienna, Austria – After a record five-month wait, Austria has inaugurated a new coalition government, led by Chancellor Christian Stocker. The unprecedented three-party alliance, comprising Stocker's Austrian People's Party (ÖVP), the center-left Social Democrats (SPÖ), and the liberal NEOS, was sworn in on Monday, marking a significant shift in the country's political landscape.

The formation of this coalition followed the September 29 parliamentary elections, which saw the far-right Freedom Party (FPÖ) emerge as the strongest political force. However, attempts to form a government with the FPÖ, led by Herbert Kickl, were unsuccessful due to ideological differences and political gridlock.

Challenges and Priorities

The new government faces a daunting array of challenges, including rising unemployment, a looming recession, and a strained budget. Their coalition agreement outlines key priorities, most notably the implementation of stricter asylum regulations in Austria, a nation of approximately nine million people and a member of the European Union.

In his inaugural address, Chancellor Stocker acknowledged the gravity of the tasks ahead, stating, "I stand before you today with great respect for the tasks that await us, and I am very aware of the great responsibility that these tasks entail. I aspire to be a chancellor for all."

A Historic Coalition

This marks the first time in Austria's history that a three-party coalition has formed the federal government. The alliance between the ÖVP, SPÖ, and NEOS represents a move towards the political center, a departure from the traditional two-party dominance.

The coalition agreement received overwhelming support from NEOS members, who are entering the federal government for the first time. President Alexander Van der Bellen, who presided over the swearing-in ceremony, expressed optimism about the new government's prospects. "This process certainly took a long time; whether it will turn out well is not yet decided, but we are positive and optimistic," he said.

Key Figures and Cabinet

Christian Stocker, despite not having previously served in a national government, assumes the role of chancellor. Andreas Babler, leader of the Social Democrats, will serve as vice-chancellor. Beate Meinl-Reisinger, leader of NEOS, takes on the crucial role of foreign minister, succeeding Alexander Schallenberg.

Several key ministers from the previous ÖVP-led government will retain their positions, including Interior Minister Gerhard Karner and Defense Minister Klaudia Tanner. However, the Ministry of Finance, a critical portfolio, will now be led by Markus Marterbauer of the Social Democrats.

A Pro-European Stance

The new government has emphasized its commitment to a strong and united Europe. "We have a strong and pro-European government with you at the helm that clearly understands that building bridges and closing hatches is not a policy that makes sense for our country," said outgoing Foreign Minister Schallenberg.

The formation of this coalition government marks a new chapter in Austrian politics. Its success will depend on its ability to navigate the complex challenges facing the nation while maintaining unity and cooperation among its diverse members.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
ONLINE TEAM
ONLINE TEAM
Reporter Page

Popular articles

  • AI Boom Fuels Memory Market Growth

  • South Korea's "Labor Police" Initiative Sparks Debate: Is It About Safety or Punishment?

  • Egypt's Automotive Sector Accelerates Towards a Manufacturing-Led Future

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065591442416205 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • U.S. Expresses Regret Over Israeli Airstrike in Qatar, Backs Goal of Eliminating Hamas
  • Lim Young-woong's Seoul Concert Sells Out, Proving His Immense Ticket Power
  • Samsung's AI Prowess Dominates South Korea, but Lags on the Global Stage
  • Paraguayan Ambassador to US Claims China is Attempting to Interfere in Domestic Affairs
  • “The Judiciary, Public Prosecutor's Office, and Political Sphere Have Been Captured and Subordinated”
  • Paraguay's Anti-Money Laundering Efforts: Banking Sector Sees Surge in Suspicious Transactions in 2025

Most Viewed

1
Sexual Misconduct Controversy in the Cho Kuk Innovation Party: The Repeated Lack of Self-Purification in the Political Sphere
2
Mitsubishi Pulls Out of Japanese Offshore Wind Projects Amid Soaring Costs
3
Brazil Weighs Legal Action as U.S. Tariffs Escalate Trade Tensions
4
Jung Hoo Lee's Heroics Propel Giants to Walk-Off Victory
5
US Ends 'De Minimis' Exemption Permanently, No Exceptions for Any Country
광고문의
임시1
임시3
임시2

Hot Issue

Apple Unveils 'iPhone Air,' the Thinnest iPhone Ever, Starting at ₩1.59 Million in South Korea

Samsung's AI Prowess Dominates South Korea, but Lags on the Global Stage

An infant was injured by a stone thrown by a chimpanzee at a zoo in China, sparking concern among visitors.

AI Boom Fuels Memory Market Growth

China’s online public opinion manipulation goes beyond Korea

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • 우리방송
  • APEC2025가이드북TV
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE