Coalition talks: Compromiss for Austria's budget!

Coalition talks: Compromiss for Austria's budget!

The coalition negotiations in Austria seem to have stalled in the face of impending financial difficulties. A minimal compromise was achieved on Friday: budget renovation is to take place over a period of seven years. But how exactly this plan should be implemented remains unclear. It is currently still open whether this happens in the context of an EU deficit procedure, as proposed by the SPÖ, or autonomous, which the NEOs especially favor. If Austria does not transmit a credible renovation concept to the EU Commission in the coming January, this could have significant consequences. This would probably initiate a procedure that continues to put Austrian finances under pressure, such as Noen.at reported.

Despite the explosive situation and the stuck discussions, negotiations will continue on the day before Christmas. At 3 p.m., the party leaders Karl Nehammer (ÖVP), Andreas Babler (SPÖ) and Beate Meinl-Reisinger (Neos) meet to discuss the further procedure, although an early breakthrough is not expected. Another center of the discussion is the consolidation of the budget, in which savings of 3.9 billion euros are required by 2025. If the budget renovation does not succeed, even savings of 6.3 billion euros, such as