Austria's Centrist Parties Advance Coalition Talks, Exclude Far Right

Austria's two largest centrist parties, the conservative People's Party (OVP) and Social Democrats (SPO), are rapidly progressing towards a coalition government, deliberately excluding the far-right Freedom Party (FPO) after its failed attempt to form a government. This marks the third effort for a coalition, with the previous attempts collapsing, and it is now the longest duration Austria has taken to establish a government since World War Two. If the coalition is not finalized soon, a snap election could occur, with polls suggesting the FPO may increase its share from the 29% it received in the last election. President Alexander Van der Bellen has outlined four potential paths moving forward, favoring a centrist coalition as negotiations advance. Intensive behind-the-scenes discussions are ongoing, with officials indicating that an agreement might be reached by next week regarding budget deficit compliance with EU standards. However, party spokespeople have refrained from confirming specific details about the coalition deal's timeline.