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Free AccessPoor Result For Main Parties In State Election As Right-Wing FPO Gains
Austria's largest state with the highest number of registered voters, Lower Austria, held its regional election on 29 January, with the incumbent centre-right People's Party (OVP) losing its majority and the centre-left Social Democrats (SPO) also losing ground. The main beneficiary is the right-wing nationalist Freedom Party (FPO), which overtook the SPO into second place and is currently leading opinion polling at the federal level.
- The losses for the OVP came despite last-minute efforts by Chancellor Karl Nehammer to present a hard-line on immigration issues by vetoing the Schengen accession of Romania and Bulgaria. The SPO's poor result (losing support from 2017 despite being in opposition) will come as a major blow to party head Pamela Rendi-Wagner, who is already seen as vulnerable. The FPO is taking voters from both the centre-right and centre-left.
- The next federal election is not due until autumn 2024 at the latest, but should the FPO emerge as the largest party is could result in a political crisis. President Alexander van der Bellen has hinted that he may be inclined not to give the mandate to form a gov't to the FPO, even if they are the largest party post-election, stating the FPO is 'anti-European' and pro-Russian.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.