British Prime Minister Theresa May is to hold Brexit talks with the Austrian chancellor this Friday before heading off on her summer holiday in Italy and Switzerland. Mrs. May will also attend a music festival in Salzburg as a guest of Chancellor Sebastian Kurz.
Chancellor Angela Merkel, who staked her legacy on welcoming hundreds of thousands of migrants into Germany, agreed on Monday to build border camps for asylum seekers and to tighten the border with Austria in a political deal to save her government.
Independent candidate Alexander Van der Bellen, a pro-EU left wing who preached moderation, has won Austria's presidential election on Sunday over right-wing populist Norbert Hofer. A former leading member of the Green Party, Van der Bellen was the hope of Austrians who wanted to stop Hofer, a leader of the anti migrant and anti EU Freedom Party.
Austrian voters could elect the European Union’s first far-right leader in the a presidential election on Sunday. Norbert Hofer of the far-right Freedom Party is running against Alexander Van der Bellen. Van der Bellen is an independent candidate who led The Greens party earlier. Recent public opinion studies have shown the two candidates with about equal support.
In a move that could turn into the next blow to the EU after Britain’s exit vote, Austria’s highest court ordered a rerun of the country’s presidential election. The landmark decision gives a right-wing candidate the chance to turn his narrow defeat into victory.
The number of unemployed in the Euro-zone has fallen, slightly, for the first time since April 2011. The fall in June came amid brightening economic prospects, suggesting an end to the bloc’s stubborn recession.
Austria vowed to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors and criticized the United States and Britain for permitting tax havens.
The European Union has agreed that around 100 billion Euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the Euro zone's bailout fund.