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

Monday, November 7, 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-arrowAfter a difficult week, we now have a new political situation, a new political frame in Greece. We have a new government of national unity and national responsibility. This is the proof of our commitment and our national capacity to implement the program and reconstruct the country.redsq

Tags: Statements

Thursday 3, November 2011

Upon arrival to Athens from Cannes at 4.45 am, Deputy Prime Minister and Finance Minister of the Hellenic Republic, Evangelos  Venizelos, made the following statement:

left-red-arrowGreece’s position within the euro area is a historic conquest of the country that cannot be put in doubt. This acquis by the Greek people cannot depend on a referendum.

The country must feel safe and stable and that is the first requirement in order for it to be truly safe and stable. Greek banks are totally secure, as an integral part of the European banking system. This was apparent last night from the discussion in Cannes.

What is important is for the sixth tranche to be disbursed, without any distractions or delay, according to the decisions of Eurogroup of October 26, which came as a result of 10 hours of hard negotiations.

The next step is to activate, before the end of the year, the new support programme that provides Greece with an additional 130 billion euro and leads to a reduction of Greek sovereign debt of about 100 billion euro. The completion of these processes is a national project. redsq

Tags: Statements

Friday, October 7, 2011


Statements by the Deputy Prime Minister and Finance Minister of the Hellenic Republic Mr. Evangelos Venizelos and the Vice-Chancellor and Finance Minister of the Federal Republic of Germany Mr. Phillip Rösler, after their meeting at the Parliament in Athens

redsq Philipp Rösler: Ladies and gentlemen, dear colleague Mr. Venizelos, we really held, once again, exceptionally good talks. What we talked about was, of course, the overall crisis in Europe. We reached to the conclusion that this crisis has two underlying causes: On the one hand, the indebtedness of states and on the other, the lack of competition.

If we want peoples to accept what they are called upon to do, both in Greece and in Europe, as well as in the euro area, we will have to create a true vision. This is the view and principle that I keep repeating: that there will have to be a Union for stability. Europe for stability, that is. This is good for the euro area and for Europe overall, in order to defend Europe from outside attacks.

We also discussed with the Minister about the pending cases between German businesses and the Greek state and I am truly grateful that the Minister himself will take over and provide for a solution in this matter. Over the next few days, we will already see decisions taken and positive results.

Tags: Statements

Athens, September 29, 2011

Answering questions by reporters in regards to the ratifications of EFSF’s new institutional framework, Deputy Prime Minister and Finance Minister of the Hellenic Republic expressed his satisfaction and his optimism for the completion of the relevant processes in all member states, since the decisions of July 21 are of vital importance for the euro and the euro area.

Moreover, Mr. Venizelos made a connection between the result of the vote in the German Parliament with the fact that Greece has sent a very clear and decisive message at an international level that it meets its obligations that stem from the support mechanism. Those are not obligations towards the troika, Greece’s institutional partners and creditors, but towards the country itself and most of all towards its young generation.

Tags: Statements

Athens, Sept. 27, 2011


CNN’s John Defterios had an exclusive short interview with Greece's Finance Minister Evangelos Venizelos in Athens.

Ev. Venizelos: I am absolutely optimistic about the sixth disbursement and also about the implementation of the so-called “new program,” always in reference to the terms of the famous decision of July 21.

J. Defterios (CNN): So there is not a new program, so we can clarify for everyone, taking shape for a 50% “haircut”. There is not a new program not just for Greece but for peripheral countries of Europe, to reshape and provide a 50% “haircut” on government debt.

Ev. Venizelos: I am the responsible Minister of Finance of Greece. I am here in order to apply and to implement our joint European decision of July. Not to participate in different irresponsible discussions, or in order to repeat rumors or comments. For me, the only duty, the only path, is to implement the decision of July 21.

Tags: Interviews

Washington DC, Sunday, September 25, 2011


Keynote speech of the Deputy Prime Minister and Finance Minister of Greece, Prof. Evangelos Venizelos, at the closing lunch of the Annual Membership Meeting of the International Institute of Finance

left-red-arrowSince 2008, we have been experiencing different phases of the international financial and fiscal crisis. In the case of the Euro Area it is now obvious that the crisis is more than a financial or a fiscal one.

It is a political and institutional crisis.

The point is whether the Euro Area, which has one of the world’s most powerful currencies, has those institutional structures and the political capacity that can provide swift and decisive responses, and make decisions that convince the markets.

Tags: Speeches

Athens, September 18, 2011


Statement of the Deputy Prime Minister and Minister of Finance, Mr. Evangelos Venizelos, after the meeting of the governmental committee

left-red-arrowToday, I briefed the governmental committee that came together under the chairmanship of the Prime Minister, on everything that took place during the Eurogroup and Ecofin meetings in Poland, most importantly on the bilateral meetings I had with my counterparts and talks with institutional delegates .

The conclusion from that meeting, which made it necessary for the governmental committee to come together, is that a fluid and nervous situation has taken shape within the Eurozone and the international economy at large, which creates multiple problems and allows the profiteering elements of the global market, those who speculate against the euro and other currencies, to constantly organize attacks on the heart of the euro. And this concerns us deeply as a country, it concerns all Greek citizens.

Tags: Statements