Irreconcilable differences between the Austrian People's Party and the Social Democratic Party has ended Austrian Chancellor Karl Nehammer's efforts to form a new government and his chancellorship.

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

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