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Austrian Chancellor Quits

Austrian Chancellor QuitsAustrian Chancellor Quits

Austrian Chancellor Werner Faymann has resigned after losing the support of Social Democratic party colleagues.

Faymann came to power in 2008 but has faced criticism within his party since the far right won the first round of presidential elections last month.

He told a hastily convened press conference that Austria needed a chancellor who had his party “fully behind him”, BBC reported. Faymann called for the government to make a new start.

Financialtribune.com