Baunsgård, Hilmar

Baunsgård, Hilmar (hĭl`mər bouns`gôr), 1920–90. Danish politician. A businessman, he was president of the youth organization of the Social-Liberal party (1948–50) and a member of the executive of the Social-Liberal party (1948–57), serving (1954–57) as its vice president. He was elected to parliament in 1957. From 1961 to 1964, Baunsgård headed the ministry of commerce. He became prime minister in 1968; he resigned in 1971 when his center–right coalition lost its parliamentary majority over economic issues, especially inflation, taxation, and balance of payment deficits.