Following the unexpected collapse of coalition talks involving the ÖVP, SPÖ, and NEOS, the conservative ÖVP and the social democratic SPÖ have begun negotiations for a two-party government in Austria. Chancellor Karl Nehammer faces significant pressure to succeed, as the parties have differing views on addressing the economic crisis and public budget reforms. The ÖVP blames the SPÖ for the NEOS’ exit. If negotiations fail, early elections could alter the political landscape, with the far-right FPÖ potentially gaining more support.