Krag was born in Randers, Denmark. He joined the Danish Social Democratic Partyyouth organization in 1930 and rose through the ranks of the party. In the 1930s he moved to Copenhagen and studied economics at the University of Copenhagen while remaining very active in the party. During World War II, he was Danish supply director and advisor to the labor unions on economic matters. He was elected to Parliament in 1947 and became Commerce Minister. He supported the strengthening of the Danish military and Danish membership of NATO in 1949. In 1950 Krag resigned from Parliament partially due to a conflict with Vilhelm Buhl and H. C. Hansen and, in order to become more fluent in the English language and see more of the world, requested a position at the Danish embassy in the United States. He received the position, and was in America until 1953 when he was re-elected to parliament and became a minister without portfolio. He was minister of the new department of foreign economic affairs from 1953 until 1958 and Foreign Minister from 1958 until 1962.
As Prime Minister
In September 1962 he succeeded Viggo Kampmann as Prime Minister and leader of the Danish Social Democratic Party. He was Prime Minister until February 1968 when the Social Democrats lost power. He became Prime Minister again in 1971 when his party returned to power. Less than a year into his first term as prime minister, the oppositionheld a referendum which rejected a set of land laws already passed by Krag's government. During his second term as Prime Minister, Krag campaigned particularly for European cooperation and unity. He sponsored a referendum for Denmark to join the European Economic Community. In 1972 the referendum passed, but the nation was divided over the issue, and Krag resigned, claiming that he had become tired of politics. His last role in public life was as the European Common Market representative to the United States from 1974 until 1975. In social policy, a number of progressive reforms were implemented during Krag's time as Prime Minister. Under the New Care of Children and Juveniles Act of May 1964, local child and juvenile welfare committees were authorized to grant cash benefits to certain families with children, to avoid placing children in the care of the Municipal Social Welfare Offices. New criteria for day-care institutions stressing social, educational, and therapeutic aspects were also introduced, and municipalities were obliged to provide facilities for day-care and other related services. Under the Employment Service and Unemployment Insurance Act of February 1967, unemployment benefits were raised and indexed to the official wage index and waiting times were abolished. In addition, an accident insurance act of December 1964 indexed benefits. The Basic Education Act of April 1972 extended compulsory basic education from 7 to 9 years. while A law passed in June 1972 introduced a new scheme for daily cash benefits in cases of sickness and maternity. In 1964, a supplementary pension scheme was established, together with universal child allowances in 1967.
Private life and legacy
Krag is widely recognised as one of the greatest politicians of all time in Denmark. He was in the front line of politics for 25 years, holding high ministerial offices for most of that time. He managed to raise Denmark's profile on the world stage, striking up strong relationships with fellow European leaders as well as American presidents Kennedy and Johnson. His list of political achievements is also one of the most impressive, overseeing one of the longest periods of economic expansion in Danish history. However, his largest achievement, and the one he himself was most proud of, was taking Denmark into the European Economic Community in 1973. With that task accomplished he felt he could retire at a high point. Krag was at one and the same time one of the most charismatic and withdrawn Danish politicians ever. He never enjoyed the attention to which he had to subject himself, and many people found him rather arrogant. According to his most thorough biographer he never truly settled into the role as a politician, always considering himself on the way 'to somewhere else'. He had always dreamed of holding the position of governor of the National Bank of Denmark. Only when he had definitively quit politics in 1972 did he realise that he would not be able to achieve this goal. Krag had a difficult private life. He was married twice and had a son and a daughter, Astrid Helene "Søsser", by his second wife, the famous actress Helle Virkner, but also another child outside of wedlock. Both his marriages ended in divorce, largely due to his own infidelity. During his time in politics, he already struggled with alcoholism, an addiction that became more pronounced after his retirement. He died of heart failure in Skiveren, Denmark at the age of 63. He was an atheist. In the Danish TV seriesKrøniken he was portrayed by the actor Lars Mikkelsen.
