Claus Raidl
Former President of the Austrian Central Bank/Österreichische Nationalbank
Karriere Level

“That I have deep insights and deep knowledge of all the monetary discussions, problems and solutions within the Euro countries”, that’s the coolest thing about Claus Raidls job as President of the Austrian Central Bank. “To get such a position, you have to be known to people. People, who decide, have to know you, but you also have to have the adequate background, abilities, studies and so forth”, he tells.


Drei Ratschläge an Dein 14jähriges Ich!

Try to read and think about what you have read and what you have seen. Second be open when new ideas come don’t say “no” say “yes”, when somebody as you as a 14 year old could you do this or that be open say “yes” always open. Never say know try to find out what is the basic question and always have a long term fuel I would even tell a 14 year old.

Was steht auf Deiner Visitenkarte?

On my business card is written my name Claus J. Raidl and my actual profession so to speak president of the Austrian Central Bank but since we don’t also translate it also on the English business card it says Österreichische Nationalbank.

Was ist das coolste an Deinem Job?

The coolest part if we can use this word is that I have a deep insight and a deep knowledge of what a monetary discussions, problems and solutions within the Europe countries.

Welche Einschränkungen bringt Dein Job mit sich?

The difficult in the job is if I take it personally that we are connected within 18 Euro countries and we all have to take into account what other peoples are thinking and they are of course limitations but I do not regard this a s a burden this is life.

Worum geht es in Deinem Job?

Österreichische Nationalbank or Austrian National Bank but we do not but we do not translate it is part of the Euro system for all the Euro countries. Our main task at the moment is of course surveillance of the national banks in connection with the European Central Bank in Frankfurt. My position sounds actually more than it is president of the bank means president of a type supervisor report, the president of the Österreichische Nationalbank is not a full time profession like a CEO of a company it is a profession or a job or a work which you don’t have to be there every day.

Wie sieht Dein Werdegang aus?

I grew up in Styria in Cappenberg which is steel town where steel millers were Steelers SCDs worked there after without knowing when I was born there of course and then I went to school, elementary school and then I went off to what we call ... which is some type of high school then I had the chance when I was 17 to spend one year as a senior in American High School. Which influence me highly because it was for me then a school for life what I learned there the different attitudes the different American system, the political system the different school system and so on and so forth. After that year I had to finish my Austrian high school and then I studied at university in Vienna, university for Commerce which is now called [opaque 00:03:42] after my study I worked as an assistant to a professor not as an assistant professor where I had time to write and read I wrote the thesis there about the Well where it takes in Austria this was back in 1970-1971 then I worked CPA public accountant but they also always touched a little bit politics where a lot of Austrian politicians were specially for none politician then I went to an insurance company and then I worked at state holding company for nationalized firms the OIAG, then I worked for first tribunal then I was 20 years CEO of ... which was before a cooperate company and stoke exchange then it was sold to First Tribunal with some steps in between and then I was member of First Tribunal and which was all very highly interested in my first subpoena we had to restructure the whole company because we were almost bank craft to an extend we were almost bankrupt this was in 1985-86-87 where I learned a lot to deal with young people to deal with union representatives which was highly interesting but very tough job. You had to reduce people, you had to negotiate it was really a tough job but the good thing is when you are successful and then I retired and I have this position in the Österreichische Nationalbank.

Ginge es auch ohne Deinem Werdegang?

To get such a position you have to be known to people and people who decide have to know you but you have to have the adequate background and the adequate capabilities and the adequate studies and so on and so forth