Should the FPÖ manage to return to government, it would ring alarm bells across the continent, with Austria joining a growing bloc of countries led by authoritarian and Eurosceptic governments, which includes Hungary and Poland. The FPÖ is also leading polls for the parliamentary elections, with about 30% of the vote. On Sunday night, while describing the result as a “rendezvous with history”, Hofer made clear that he regarded the result as an “intermediary step” on the way to a wider challenge to Austria’s political system. Some constitutional experts question whether Austria’s president would be able to dissolve parliament without the orders of the government, though since the presidential role has previously only ever been filled by politicians from the two main centrist parties, the situation is without precedent. In Styria, Burgenland and Carinthia – border states most affected by the refugee trail from the Mediterranean to central Europe – Hofer managed to gain 40% or more. Hofer, who claims to protect himself in the “uncertain times” of the refugee crisis by carrying a Glock gun, scored overwhelming victories in all of Austria’s states apart from Vienna.
Hofer, a youthful 45-year-old who is partially paralysed after a paragliding accident, has campaigned for disability rights and is seen as having lent a friendly face to a party that balances virulently anti-immigration and Eurosceptic messages with leftist stances on welfare issues, led by firebrand Heinz-Christian Strache.
#How do you spell turmoil tv
While the presidential post is mainly a ceremonial role, Hofer has threatened to make use of a right to dissolve parliament before the 2018 elections, warning other candidates in a TV debate that “you will be surprised by what can be done ”. The two candidates will go head to head in a run-off ballot on 22 May. Norbert Hofer, of the rightwing Freedom party (FPÖ), defied pollsters’ predictions to beat the Green party’s Alexander Van der Bellen into second place, gaining 36% of the vote. Tracking the stock market performance in the post-liberalisation period, ET found that the Sensex had taken a beating at least on three occasions of political crisis since 1999.Austria is braced for political turmoil with fears that the landslide victory for a rightwing populist and gun-carrying candidate in Sunday’s first-round presidential vote could trigger snap elections. The impact has been severe mostly when there is a turmoil in local politics, showed the trend. In the past, Indian indices have succumbed to the pressure of political uncertainty, domestically or globally. A section of brokers still feels that the Indian market has achieved the maturity to tide over any adverse political development, including a mid-term poll. Political turbulence has further undermined the already weak sentiment, resulting from the panic in credit markets. The ongoing tension between the Congress-led UPA government and its key ally, the Left parties, over the Indo-US nuclear deal, could spell further bad news for stock prices, unless resolved amicably, feels the broking community.
MUMBAI: How steep can the market fall in the event of a mid-term poll? That is the question market players have been asking each other over the past few days.
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