Overview

• Austria's conservative People's Party, Social Democrats, and liberal Neos have formed a coalition government, marking the first three-party coalition since 1949.
• The agreement excludes the far-right Freedom Party, which won the most votes in the September election but failed to form a government.
• Key policies include stricter asylum rules, a potential headscarf ban for girls under 14, and measures targeting radicalization and extremism.
• The coalition aims to address Austria's economic challenges, including a rising budget deficit, with plans for tax reforms, pension adjustments, and increased levies on banks.
• Christian Stocker of the People's Party is expected to become chancellor, with the coalition emphasizing EU cooperation and rejecting far-right euroskeptic policies.