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Austria’s conservative Peoples’ Party (ÖVP), center-left Social Democrats (SPÖ) and liberal Neos have reached a coalition agreement after five months of political deadlock, according to multiple local media reports.
The deal, which still requires approval from the Neos’ party base, prevents the far-right Freedom Party (FPÖ) from taking power — despite it winning the most votes in last September’s election.
Conservative boss Christian Stocker will become chancellor, with the SPÖ’s Andreas Babler as vice chancellor.
The negotiations followed failed attempts by FPÖ chief Herbert Kickl to form a government due to policy differences with the ÖVP.
Austrian President Alexander Van der Bellen ultimately urged mainstream parties to find common ground as economic concerns grew.
The coalition’s proposed agenda, which will be introduced Thursday morning, includes budget consolidation and social reforms, aiming to balance conservative and progressive policies.
This story is being updated.
