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Franz Vranitzky
Franz Vranitzky (German: [fʁants vʁaˈnɪtski]; born 4 October 1937) is an Austrian politician. A member of the Social Democratic Party of Austria (SPÖ), he was Chancellor of Austria from 1986 to 1997.
As the son of a foundryman, Vranitzky was born into humble circumstances in Vienna's 17th district. He attended the Realgymnasium Geblergasse and studied economics, graduating in 1960. He financed his studies teaching Latin and English and as a construction worker.[citation needed]
As a young man, Vranitzky played basketball and was a member of Austria's national team, which in August 1960 in Bologna unsuccessfully tried to qualify for the 1960 Summer Olympics in Rome.
In 1962, Vranitzky joined the Social Democratic Party of Austria (SPÖ).[citation needed]
In 1962, Vranitzky married Christine Christen, with whom he fathered two children.[citation needed]
Vranitzky began his career in 1961 at Siemens-Schuckert, but within the year switched to Austria’s central bank Oesterreichische Nationalbank. In 1969, he received a doctorate in International business studies. The following year, Hannes Androsch, finance minister under Chancellor Bruno Kreisky, appointed him economic and financial advisor. Vranitzky served as deputy director of the Creditanstalt-Bankverein (1976–1981), briefly as its director general and as director general of the Länderbank (1981–1984).[citation needed]
In 1984, Vranitzky joined the SPÖ-Freedom Party (FPÖ) government coalition under Chancellor Fred Sinowatz as finance minister. He was criticized for receiving multiple compensations from his various functions in government-run businesses.[citation needed]
In the presidential elections of 1986, Chancellor Sinowatz vociferously opposed Kurt Waldheim, the candidate of the Austrian People's Party (ÖVP) opposition. The former UN Secretary General's campaign for office caused international controversy due to allegations about his role as a German army officer in World War II. When Waldheim was elected on 8 June, Sinowatz resigned from the government, proposing Vranitzky as his successor.
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Franz Vranitzky
Franz Vranitzky (German: [fʁants vʁaˈnɪtski]; born 4 October 1937) is an Austrian politician. A member of the Social Democratic Party of Austria (SPÖ), he was Chancellor of Austria from 1986 to 1997.
As the son of a foundryman, Vranitzky was born into humble circumstances in Vienna's 17th district. He attended the Realgymnasium Geblergasse and studied economics, graduating in 1960. He financed his studies teaching Latin and English and as a construction worker.[citation needed]
As a young man, Vranitzky played basketball and was a member of Austria's national team, which in August 1960 in Bologna unsuccessfully tried to qualify for the 1960 Summer Olympics in Rome.
In 1962, Vranitzky joined the Social Democratic Party of Austria (SPÖ).[citation needed]
In 1962, Vranitzky married Christine Christen, with whom he fathered two children.[citation needed]
Vranitzky began his career in 1961 at Siemens-Schuckert, but within the year switched to Austria’s central bank Oesterreichische Nationalbank. In 1969, he received a doctorate in International business studies. The following year, Hannes Androsch, finance minister under Chancellor Bruno Kreisky, appointed him economic and financial advisor. Vranitzky served as deputy director of the Creditanstalt-Bankverein (1976–1981), briefly as its director general and as director general of the Länderbank (1981–1984).[citation needed]
In 1984, Vranitzky joined the SPÖ-Freedom Party (FPÖ) government coalition under Chancellor Fred Sinowatz as finance minister. He was criticized for receiving multiple compensations from his various functions in government-run businesses.[citation needed]
In the presidential elections of 1986, Chancellor Sinowatz vociferously opposed Kurt Waldheim, the candidate of the Austrian People's Party (ÖVP) opposition. The former UN Secretary General's campaign for office caused international controversy due to allegations about his role as a German army officer in World War II. When Waldheim was elected on 8 June, Sinowatz resigned from the government, proposing Vranitzky as his successor.
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