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Billionaire Founds Eurosceptic Party in Austria

AN 80-year-old self-made billionaire has launched his own political party in Austria, taking a swipe at German Chancellor Angela Merkel and vowing an as-yet vague but radical shake-up of the eurozone.

"Either she (Merkel) is stupid ... or she is in league with the banks," Frank Stronach, founder of auto parts giant Magna, told a news conference on Thursday as he unveiled his "Team Stronach" party to contest elections due next year.

Source: news.com.au. Read full article. (link)

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