Austrian Chancellor Karl Nehammer says he will resign in the coming days after talks on forming a new government failed a second time.

Austrian Chancellor Karl Nehammer announced his resignation following failed attempts to form a new government. Coalition talks between the People's Party and Social Democrats collapsed, mainly after the Neos party unexpectedly left the negotiations.

Austria's acting foreign minister, Alexander Schallenberg, took over as acting chancellor on Friday following the resignation of Christian Democrat Karl Nehammer, who stepped down last week after his attempt to form a government with the Social Democrats and Liberals to oust the far-right FPÖ party from power failed.

Chancellor Karl Nehammer announced his resignation after failed coalition talks between Austria's centrist parties, following the liberal Neos party's exit. The conservative People's Party negotiations with the Social Democrats led to no agreement,

Austrian chancellor Karl Nehammer to resign after coalition talks fail - Next government in Austria faces challenge of having to save between 18 to 24 billion euros

The development follows the withdrawal of Austria’s liberal party, NEOS, from three-party coalition negotiations to form a centrist government to exclude the far-right FPO

Austrian Chancellor Karl Nehammer's announcement on Saturday came a day after the liberal Neos party withdrew from the negotiations with Nehammer's conservative People's Party (OVP) and the Social Democrats (SPO).

VIENNA — Austrian Chancellor Karl Nehammer said Saturday ... Party'' that were against a coalition with the Social Democrats, while praising Nehammer for his readiness to compromise.

Austria's conservative chancellor Karl Nehammer broke off coalition talks with the Social Democrats to form the country's next government on Saturday, saying they couldn't find agreement on key issues.