Monday, March 5, 2012

Interview with Bloomberg’s Nicole Itano

 

Bloomberg: Thank you very much for joining us Mr. Venizelos

Venizelos: It is my pleasure, thank you very much for coming to Athens.

Bloomberg: I’d just like to start with… you have launched an unprecedented debt swap, the largest in history. Why should investors –particularly in the United States– participate?

Venizelos: Because it is the best offer. And this is the best offer because it is the only one, the only existing offer. This offer is the result of a very long and difficult negotiation with our institutional partners, with the so-called official sector and also the result of a very long and difficult consultation in detail with the representatives of the private sector, with the IIF, Mr. Charles Dallara, and also Mr. Jean Lemière, the co-chairman of the steering committee of the creditors committee.

After this very long experience of negotiations and consultations, we finally have this offer, this financial engineering. My impression is that everybody understands very well how attractive and how important is this offer because we have four very important and unique elements and incentives:

Tags: Interviews

Thursday, March 1, 2012


Greek Deputy Prime Minister and Finance Minister Evangelos Venizelos statement at the doorstep, just before the Eurogroup meeting, Thursday, March 1, 2012:

left-red-arrow After the decisions of the last Eurogroup for the adoption of the new support program of the Greek economy and the official launch of PSI, we are waiting for the response of the market.

As you know, the concrete form of the bond exchange is agreed with the private sector and everybody understands very well that we have four very important and attractive elements:

The Co-financing, the English law, the sweetener in cash and the GDP warrants. This is a very good, a unique offer. I am sure that the market understands very well how clear is my message. redsq

Tags: Statements

Wednesday, February 6, 2012


Interview of PASOK President Evangelos Venizelos with Die Zeit newspaper and reporters Mark Schieritz and Zacharias Zacharakis (in German)

 

Sozialistenchef Venizelos
"Deutschland braucht eine klare Vision für Europa"

Die Debatte über einen Euro-Austritt war schädlich, sagt Griechenlands Sozialistenchef Venizelos im Interview. Zum ersten Mal kritisiert er damit die deutsche Kanzlerin.

ZEIT: Griechenland erlebt das sechste Jahr der Rezession. Wann geht es mit Ihrem Land wieder aufwärts?

Venizelos: Die wirtschaftliche Situation hat sich auch Dank der Unterstützung unserer internationalen Partner deutlich gebessert, ist aber trotzdem nicht gut. Es gibt positive Signale von den Rating-Agenturen, auch der Finanzmarkt hält es momentan für sehr unwahrscheinlich, dass Griechenland noch aus dem Euro ausscheiden könnte.

Tags: Interviews

Sunday, 05.02.2012


The Press Office of the Greek Ministry of Finance released the following statement:


One of today’s Reuters reports includes a quote –unnamed of course- of a Eurozone official who is reportedly saying that the Greek Finance Minister “is very hard to get hold of because he is very busy campaigning for the leadership of PASOK, so he is not available to meet with Troika members.”

This anonymous quote seems ridiculous if not suspicious to all those who have a basic knowledge of the Finance Minister’s daily schedule of long meetings with the troika representatives, his constant contacts with his counterparts and heads of institutions involved in the troika, the continuous working meetings with the Prime Minister, the teleconferences, the successive contacts with the IIF for the PSI and generally the superhuman efforts made 24 hours a day by a small group of people led by the Greek Minister of Finance.

The Deputy Prime Minister and Finance Minister Evangelos Venizelos has contacted the Eurogroup President and Prime Minister of Luxembourg Mr. J. C. Juncker to inform him on the Reuters story. Mr. Juncker authorized Mr. Venizelos to state that this report is out of touch with reality.

Tags: ArticlesPress Releases

Sat. 14 January 2012

 

by Kerin Hope in Athens


Greece’s finance minister insisted on Friday that bond swap negotiations with international creditors could be salvaged, averting the threat of a disorderly default within weeks.

Evangelos Venizelos said in an interview with the Financial Times: “I am certain we can bridge the differences.”

“I remain strongly committed and confident. Rationality will prevail because this initiative is of common interest to Greece, its private creditors and for all its institutional partners,” he said.

Mr Venizelos was speaking after a second meeting in two days with the co-chairs of an international creditors’ committee. He said the talks would resume in Athens next week, probably on Wednesday.

The next five days would be used for intensive contacts with creditors and international institutions, and for a fresh evaluation of the financial outline under negotiation.

Tags: Interviews

Wednesday, January 11, 2012

 

Keynote speech of Deputy Prime Minister and Finance Minister of Greece, Mr. Evangelos Venizelos at the official dinner closing the 1st Economic Forum Greece-UAE 2012



Excellencies, ladies and gentlemen, dear friends,

First of all, I would like to warmly thank the organizers of this meeting, primarily my dear colleague and friend, Theodore Pangalos, who invited me to address tonight’s event.

I had the opportunity to meet His Highness the Foreign Minister, with whom we overviewed our bilateral relations and the situation in the wider region. For Greece, the United Arab Emirates is a point of reference in the Gulf Area. It is a country with which we maintain close and sincere ties of friendship as well as strategic cooperation.

Tags: Speeches

Tuesday, November 29, 2011

 

Upon his arrival at the doorstep of the Eurogroup meeting in Brussels, Deputy Prime Minister and Minister of Finance Mr. Evangelos Venizelos made the following statement:


left-red-arrow In Greece we have all the necessary conditions in order to go ahead with the next disbursement, the new program and the PSI. We have the necessary political consensus, we have the necessary national unity and also the national commitment and determination to go ahead.

We are also ready to contribute in this very important discussion for the future of the Eurozone, for a strong Eurozone which is capable to react and send very clear messages to the markets. redsq



Tags: Statements

Monday 7 November 2011

 

Deputy Prime Minister and Finance Minister of Greece, Mr. Evangelos Venizelos, stated the following after the conclusion of today’s Eurogroup Summit session:


left-red-arrowThe Eurogroup warmly welcomed the recent political developments in Greece, especially the decision of the two biggest political parties to support a government whose mission will be to implement the decision of October 26.

Today’s Eurogroup session shows that the Euro Area in its entirety is ready to implement the decision of October 26, starting from the timely disbursement of the sixth tranche, provided that the new government and the political forces that support it confirm, in writing also, the country’s commitments that are linked to the decision of the EU Council Summit of October 26. Immediately afterwards, the Troika will come to Athens for the necessary consultations that lead to the new programme.

At the same time, the Eurogroup decided to go ahead, starting now, with all the processes that are linked to the participation of the private sector (PSI) in the new framework of the Greek sovereign debt’s sustainability, with its reduction by 100 billion euro, which equals to 50 percentage points of GDP.redsq

Tags: Statements

Monday, November 7, 2011


Deputy Prime Minister and Finance Minister of Greece, Mr. Evangelos Venizelos, met with the President of Eurogroup and Prime Minister of Luxembourg Mr. Jean-Claude Juncker. The two men talked about the current political developments in Greece, the new political framework that is underway, the political conditions for the disbursement of the sixth tranche, the as rapid preparation possible of the new loan agreement within the context of the new programme, and the progress in the participation of the private sector in the project for the long term viability of Greek sovereign debt (PSI).

This meeting, too, for Mr. Venizelos is part of the preparation for today’s Eurogroup Summit which is expected to begin at 17:00 Brussels time.

Tags: Statements

Monday, November 7, 2011


Deputy Prime Minister and Finance Minister of Greece Mr. Evangelos Venizelos met today in Brussels with the Vice President of the European Commission and Commissioner competent for economic and monetary affairs Mr. Olli Rehn, with whom he has had a positive and productive discussion in light of recent developments in Greece.

The processes for the timely disbursement of the sixth tranche, the start of negotiations for the new programme and the new loan agreement and the preparation of the new framework for the participation of the private sector in the viability of sovereign debt (PSI) were discussed. This meeting that Mr. Venizelos has had, was part of the preparation for today’s Eurogroup Summit.

A scheduled meeting with Mr. Jean-Claude Juncker, President of the Eurogroup, will follow at 15:30 (Brussels time).

Tags: Statements