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Austrian Finance Minister Michael Spindelegger Quits

Published: August 26, 2014; 16:09 · (Vindobona)

Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.

Finance Minister Spindelegger quits / Picture: © ÖVP Bundespartei / Jacob Glaser

Mr. Spindelegger announced on Tuesday that he decided to step down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.

"When there is no team spirit, it is time to hand over the leadership," Mr. Spindelegger said at a news conference this morning.

Spindelegger has been vice chancellor…

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