Nothing for ages, then two come along at once
The respective results of 4 December 2016 of the presidential election in Austria and the constitutional reform referendum in Italy unleashed the latest round of uncertainty and volatility in European politics, certainly in relation to Italy, and markets reacted accordingly. The election of Alexander Van der Bellen, former leader of the Green Party, as Austria’s president and prime minister Matteo Renzi’s loss of the Italian constitutional reform referendum, and subsequent resignation, threw the spotlight on those two countries but the ramifications will be felt more widely in coming weeks and months.
In the Vienna office market, however, life continues as normal. The city, as the Austrian capital, is home to a large number of public- and private-sector bodies and companies as well as various international organisations, including the United Nations and OPEC.
Vienna is a pleasant place to live and work in and is always highly rated in various global l