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		</div><p>Austrian Chancellor Karl Nehammer said on Saturday that he will resign in the coming days after talks on forming a new government failed a second time.</p>
<p>The announcement came after the People’s Party and the Social Democrats continued coalition talks a day after the liberal Neos party’s surprise withdrawal from discussions.</p>
<p>“We have tried everything up to this point.</p>
<p>“An agreement on key points is not possible, so it makes no sense for a positive future for Austria,” Mr Nehammer, from the conservative People’s Party, was quoted as saying by broadcaster ORF.</p>
<p>In a statement on social media he said: “Unfortunately I have to tell you today that the negotiations have ended and will not be continued by the People’s Party.”</p>
<p>He said that “destructive forces” in the Social Democratic Party have “gained the upper hand” and that the People’s Party will not sign up to a programme that is against economic competitiveness.</p>
<p>Social democratic leader Andreas Babler said he regretted the decision by the People’s Party to end the negotiations. “This is not a good decision for our country,” he said.</p>
<p>Mr Babler said that one of the main stumbling blocks had to do with how to repair the “record deficit” left by the previous government.</p>
<p>“I have offered to Karl Nehammer and the People’s Party to continue negotiating,” he told reporters Saturday.</p>
<p>The next government in Austria faces the challenge of having to save between 18 and 24 billion euros (£15 billion and £20 billion), according to the EU Commission.</p>
<p>In addition, Austria has been in a recession for the past two years, is experiencing rising unemployment and its budget deficit is currently at 3.7% of GDP – above the EU’s limit of 3%.</p>
<p>The talks had dragged on since Austria’s president tasked the conservative chancellor in October with putting together a new government.</p>
<p>The request came after all other parties refused to work with the leader of the far-right Freedom Party, which in September won a national election for the first time with 29.2% of the vote.</p>
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