Julius Raab

Austrian chancellor

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July 13, 2026

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Julius Raab served as the chancellor of Austria from 1953 to 1961. His tenure was marked by significant economic reconstruction following World War II, often referred to as the "Raab-Kamitz course," which favored a modified free-market economy. Under his leadership, Austria experienced economic prosperity and nationalized key industries like steel and electric power.1

Raab's government also played a crucial role in negotiating the Austrian State Treaty, which led to the withdrawal of Allied occupation forces and the restoration of full Austrian sovereignty in 1955. Austria then declared its permanent neutrality. His chancellorship is remembered for guiding Austria toward stability and economic recovery in the post-war era.1

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Austria
Allied occupation
…People’s Party replaced Figl with Julius Raab in the spring of 1953 and had Reinhard Kamitz appointed minister of finance. The subsequent economic reconstruction and the advance to a prosperity unknown to Austrians since the years before World War I is generally identified with the so-called Raab-Kamitz course, which was…
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…People’s Party replaced Figl with Julius Raab in the spring of 1953 and had Reinhard Kamitz appointed minister of finance. The subsequent economic reconstruction and the advance to a prosperity unknown to Austrians since the years before World War I is generally identified with the so-called Raab-Kamitz course, which was…
Read More