Negotiations for a new **three-party government** in Austria have collapsed after the **Neos party** withdrew from discussions.
The talks began in October, directed by **Chancellor Karl Nehammer**, following the far-right **Freedom Party's** electoral success.
Neos leader **Beate Meinl-Reisinger** cited a significant **budget hole** and stagnation in talks as primary reasons for their exit.
Chancellor Nehammer expressed **regret** over the situation, stressing the need for reforms in economic policies and migration.
The possibility of a **two-party** government or collaboration with the **Greens** remains, as the current administration continues in a caretaker role.
For more details, visit the original article here.