by Mike ‘Mish’ Shedlock
Mish Talk
On April 25, Austria’s far-right, anti-immigration platform FPÖ Freedom party picked up over 35% of the vote in the first round of national elections.
The center-right ÖVP and center-left SPÖ parties were shutout for the first time since WWII. A second round of voting is on May 22 between the Green party and FPÖ.
The vote is for president, a largely ceremonial role, but the fallout has already begun.
The effective leader of Austria is not the president but the chancellor, and today the chancellor suddenly resigned, sending shockwaves throughout the EU.