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Werner Faymann
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Werner Faymann

Austrian chancellor
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Werner Faymann served as the chancellor of Austria from 2008 to 2016, leading a "grand coalition" government composed of the Social Democratic Party and the Austrian People's Party. His chancellorship was marked by efforts to navigate the euro-zone debt crisis, which significantly impacted Austria's economy through decreased consumer confidence and exports. The government implemented austerity measures and intervened to support the nation's banks.12

Faymann's tenure also saw a rise in support for the Freedom Party, fueled by concerns over immigration and corruption scandals. Facing declining support and a major shift in the Austrian electorate, Faymann resigned in May 2016.12

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2 Britannica Sources
  1. Austria - Austria in the European Union
  2. history of Austria - Austria in the European Union

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