People's Party, Social Democrats and Neos reach agreement on new Austrian government

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As of Monday, the centrist, three-party coalition will lead the country, not the far-right Freedom Party that won the election.

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Austria’s new government takes office after a 5-month wait for a new administration

VIENNA (AP) — Austria’s new government took office on Monday, with Christian Stocker taking over as chancellor at the head of a three-party coalition after a five-month wait for a new administration.

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The tripartite coalition of ÖVP, SPÖ and Neos has been decided: Five months after the parliamentary election, Austria will receive a new government – it has never taken that long.

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The Austrian People's Party (ÖVP), the Social Democrats (SPÖ) and the liberal Neos have reached an agreement on the composition of the new government. The ÖVP and SPÖ are expected to each receive six ministries, while Neos will receive two. The new chancellor is likely to be ÖVP leader Christian Stocker.

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Explainer-Key Policies in Austria's New Coalition Government Agreement

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Austria’s Coalition Party Government Assumes Office

Austria’s first coalition government since the aftermath of World War Two assumed office on Monday, ending the country’s longest-ever wait for a ruling coalition and keeping the Russia-friendly, far-right Freedom Party (FPO) out of power. Although the FPO won September’s parliamentary election with about 29% of the vote, the eurosceptic party failed to form a workable coalition, opening the door to a centrist alternative. Shares in major Europea…