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Austria&#39;s Chancellor Sebastian Kurz on Saturday announced he was resigning from the country&rsquo;s top post as the opposition stepped up pressure on him to quit after his name figured in a corruption scandal.</p>
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Kurz, who in 2017 became the world&#39;s youngest democratically elected leader, announced his resignation on television saying he wanted to &quot;make space to prevent chaos&quot;.</p>
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Kurz and nine others were placed under investigation after raids at a number of locations linked to his conservative &Ouml;VP People&#39;s Party.</p>
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The corruption allegations relate to the period between 2016 and 2018, when finance ministry funds were suspected to have been used to manipulate opinion polls in favour of the &Ouml;VP that were then published in a newspaper.</p>
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Kurz denies claims he used government money to ensure positive coverage in a tabloid newspaper.</p>
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The allegations this week took his coalition government to the brink of collapse after its junior partner, the Greens, said Kurz was no longer fit to be chancellor.</p>
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The Greens began talks with opposition parties, who were threatening to bring a vote of no-confidence against the chancellor next week.</p>
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&quot;We need stability. It would be irresponsible to allow Austria to slide into months of chaos or gridlock while the country fights the pandemic,&rdquo; he was cited as saying.</p>
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His resignation brings to an end a spectacular rise in politics and a tumultuous four years as chancellor, in which his government already collapsed once.</p>
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