Austrian far-right leader Herbert Kickl and his prospective coalition partners said on Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far-right.
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00:00Austria's far-right party and conservatives have reached a budget agreement, according
00:07to far-right leader Herbert Kicill on Monday. The two parties agreed to 6.3 billion euros
00:14in savings to cut Austria's deficit below the EU's 3 percent limit. Kicill, whose Freedom
00:20Party won Austria's parliamentary election in September, received a mandate to try to
00:25form a government with the conservative Austrian People's Party a week ago. The conservatives
00:31had previously attempted to form a government without Kicill, but lengthy talks with two
00:36other mainstream parties collapsed. Conservative Austrian leader Karl Nehammer resigned following
00:42his failed attempt to put together a new coalition. In the meantime, Foreign Minister Alexander
00:48Schellenberg has taken over as interim chancellor. Negotiations to form a new government could
00:55take months and aren't guaranteed to succeed.