AUSTRIA’s Chancellor Sebastian Kurz has stepped down, after pressure triggered by a corruption scandal.
He has proposed Foreign Minister Alexander Schallenberg as his replacement.
Kurz and nine others were placed under investigation after raids at several locations linked to his conservative ÖVP People’s Party.
He denies claims he used government money to ensure positive coverage in a tabloid newspaper.
The allegations this week took his coalition government to the brink of collapse after its junior partner, the Greens, said Mr Kurz was no longer fit to be chancellor.
The Greens began talks with opposition parties, who were threatening to bring a vote of no confidence against the chancellor next week.
Greens leader and Vice-Chancellor Werner Kogler welcomed Kurz’s resignation and indicated he would be willing to work with Schallenberg, saying they had a “very constructive” relationship.
“What’s required now is stability. To resolve the impasse I want to step aside to prevent chaos,” Kurz said as he announced his resignation.
He said he would remain leader of his party, and continue to sit in parliament.
“First and foremost, however, I will of course use the opportunity to disprove the allegations against me,” he added.
Although he is no longer Chancellor, Kurz will still be a major figure in Austrian politics.

Sebastian Kurz: Austrian leader resigns amid corruption inquiry - ZBC NEWS