International
The federal president of Austria commissions the far-right Herbert Kickl to form a government
The federal president of Austria, Alexander Van der Bellen, commissioned on Monday the far-right Herbert Kickl, leader of the liberal party FPÖ, to form a new government after the collapse of negotiations between conservatives, social democrats and liberals.
After meeting this morning for an hour with Kickl, the head of state said that he has instructed him to negotiate with the popular party ÖVP on the formation of a government coalition.
“Mr. Kickl has the necessary confidence to find viable solutions within the framework of government negotiations, and he wants to assume this responsibility, so I commissioned him to enter into talks with the ÖVP on the formation of a federal government,” Van der Bellen said.
“I have not taken this step lightly, I will continue to ensure the correct compliance and observance of the principles and rules of our Constitution,” added the president, who in the past had been against a government led by Kickl.
It is the first time in the history of Austria that the far-right FPÖ, winner of the elections of last September 29 with about 29% of the votes, is commissioned to form a government.
“The ÖVP has reversed its categorical rejection of cooperation with Kickl. That’s the new situation,” Van der Bellen said about the change of position announced on Sunday by the new conservative leader, Christian Stocker.
He succeeded yesterday the hitherto federal foreign minister and conservative leader, Karl Nehammer, who had announced his resignation on Saturday after failing the negotiations for a tripartite government between the ÖVP and the social democratic party SPÖ and the liberal Neos.
Nehammer was against a coalition with the FPÖ under Kickl, which he accuses of being a danger to the country’s security for his xenophobic, pro-Russian and critical positions of the European Union (EU).
Who is Kickl?
Kickl is a former Minister of the Interior (2017-2019) in a government led by former conservative foreign minister Sebastian Kurz.
In June 2021, he assumed, in the midst of the coronavirus pandemic, the presidency of the FPÖ and radicalized the tone and discourse of the party.
He not only rejects the measures taken by the then conservative-ecologist government against the coronavirus, but also Western support for Ukraine and sanctions against Russia, the cooperation of neutral Austria with NATO, and is critical of the EU.
One of Kickl’s main allies is the Hungarian Prime Minister, the ultra-nationalist Viktor Orbán, with whom he formed the “Patriots for Europe” faction, the third group of the European Parliament.
In addition, the FPÖ maintains close relations with Alternative for Germany (AfD), in which there are elements who are being investigated by the German justice as right-wing extremists.
The FPÖ is a party founded after World War II by former Nazi hierarchs and to this day brings together the most extremist and right-wing circles in the country.
International
U.S. reinforces southern border with additional military personnel
The U.S. military has announced the deployment of more than 600 additional troops to the Mexico border, reinforcing President Donald Trump’s efforts against illegal immigration and drug trafficking.
According to the U.S. Northern Command (Northcom), the new deployment includes 40 Air Force intelligence analysts and 590 Army engineers. This move will increase the total number of troops currently stationed or scheduled for deployment at the southern border to approximately 9,600.
The decision aligns with the administration’s broader border security strategy, emphasizing intelligence gathering, infrastructure development, and operational support for law enforcement agencies.
International
New ‘Bitcoin Bonds’ could save U.S. government $554 Billion, says investor Andrew Hohns
Andrew Hohns, renowned investor and founder of Newmarket Capital, recently introduced his ‘Bitcoin Bonds’ at the Bitcoin for America event. This innovative mechanism combines traditional U.S. Treasury bonds with investments in Bitcoin, aiming to lower federal debt costs while building a strategic Bitcoin reserve for the government.
Hohns’ plan proposes issuing $2 trillion in bonds, allocating 10% to Bitcoin purchases and 90% to other government expenditures. These bonds would offer a significantly lower interest rate of 1%, compared to the current 4.5% on 10-year bonds—potentially saving the federal government $554 billion over a decade.
A unique feature of these bonds is that investors would not only receive the standard 4.5% annual interest but also share profits from Bitcoin’s value appreciation with the government. Additionally, Hohns advocates for tax exemptions on capital gains and interest earnings from these bonds, making them an attractive option for American families looking to hedge against inflation.
“This plan doesn’t just cut debt costs—it provides American families with a new savings tool,” said Hohns.
International
Pedro Castillo suffers health crisis, rushed to hospital
Former Peruvian President Pedro Castillo, who has been on a hunger strike since Monday, was hospitalized after suffering a health crisis, the court handling his trial announced on Thursday.
The 55-year-old was rushed to the Vitarte Hospital, the nearest facility to the presidential prison where he has been detained since December 2022. Judge Norma Carbajal stated that Castillo experienced a decompensation just hours before his trial resumed. However, medical reports confirm that he is now stable and out of danger.
Despite a request from Castillo’s public defender to suspend the hearing, the court decided to continue with the proceedings.
U.S. reinforces southern border with additional military personnel
New ‘Bitcoin Bonds’ could save U.S. government $554 Billion, says investor Andrew Hohns
Pedro Castillo suffers health crisis, rushed to hospital
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