abstract:Johannes (Hannes) Androsch is an Austrian entrepreneur and consultant; a former Social Democrat top politician who served as an Austrian Minister of Finance from 1970 to 1981 and additionally as Vice Chancellor from 1976–1981; and a former banker who from 1981-1988 was the General Director of the Creditanstalt-Bankverein (Austria’s leading bank at that time) and subsequently an advisor to the World Bank. From 1989 onward he built an industrial investment group, Androsch International Consulting (AIC) which is a major factor in Austria's internationally active corporate landscape.
Tensions within Austria's grand coalition of Socialists and the centre-right People's Party are running high as the political and industrial elite, led by HannesAndrosch, a former finance minister, discusses the establishment of a private-equity fund to protect Austrian companies from foreign takeovers.