The Schmooze

Canadian Mogul Turns To Austrian Politics

Canadian billionaire Frank Stronach, who founded the Magna International auto parts empire, is moving into politics in a big way — but not in his adopted homeland.

Stronach is about to announce the formation of a new political party in his native Austria that will aim “for the nation’s exit from the Eurozone,” the Toronto Star reports.

Stronach, who turns 80 next month, wants to shake up Austria, and has taken the current government to task for “cronyism and corruption.”

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Canadian Mogul Turns To Austrian Politics

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