Brussels, July 11, 2011

Greek Deputy Prime Minister and Finance Minister Evangelos Venizelos’ statement at the doorstep of the Eurogroup meeting in Brussels:

left-red-arrowI am ready to participate in a substantial and constructive discussion on PSI because we need today a very strong and clear message of stability not only in Greece but also in the Eurozone and beyond. redsq

Tags: Statements

Jul 5, 2011


Greek Banks Ready to Take Part in Rollover, Finance Chief Venizelos Says

By Nicole Itano and Maria Petrakis

Greek banks are willing to roll over their government bonds as part of a European Union rescue plan that will keep the country out of financial markets for three years, Finance Minister Evangelos Venizelos said.

“The Greek banks are ready to participate,” he said in an interview with Bloomberg Television in Athens today. “We must respect absolutely the voluntary character of this procedure. This is very sensitive and I give a very crystal clear answer on this topic.”

EU leaders have called on investors to shoulder part of a new aid package for Greece after last year’s 110 billion-euro ($159 billion) rescue failed to stop the spread of Europe’s debt crisis. Participation by Greek banks and pensions funds is key to the success of a plan for investors to roll over as much as 30 billion euros of maturing bonds into longer-term securities.

Tags: Interviews

July 05 2011


Greece 'Definitive' Part of Euro Zone: Finance Minister

By: Catherine Boyle

Evangelos Venizelos, who was brought in as Finance Minister of Greece just two weeks ago, said Greece's part in the euro zone was "not reversible" in a first on CNBC interview Tuesday.

In his first international broadcast interview since Greece accepted terms for a second bailout by the International Monetary Fund (IMF) and European Central Bank (ECB), Venizelos said that the government was "very happy" with the EU agreement.

He reinforced the importance of euro zone membership to the country and said: "We are a member of the European Union and a member of the euro zone."

"This is definitive and not a reversible situation."

Tags: Interviews

Monday, July 4, 2011

Greek fiscal survival vital for euro zone - FinMin

by Dina Kyriakidou

Athens | Mon Jul 4, 2011 (Reuters) - Greece will stave off default not only for its own sake but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday.

With help from its EU partners and fresh determination, the debt-ridden euro zone member will regain its fiscal sovereignty as soon as possible and aims to return to markets in the middle of 2014, as expected, the minister said.

"We will make it, because this is vital not only for Greece but for the stability of the whole euro zone and the global economy, because in Greece the stamina of the financial system is being tested," he told Reuters in the second part of an interview.

Tags: Interviews

Saturday, July 2 2011

Greek deputy PM and Finance Minister Evangelos Venizelos made the following statement today:

left-red-arrowDuring this evening’s teleconference, Eurogroup decided:

1. To proceed to the fifth tranche until July 15. The IMF is expected to reach its decision on July 8, according to the usual practice. 

2. To work out a new programme on time, before mid-September, so that the disbursement of the next tranche is made possible, based on the current timetable

Today’s decisions reached by Eurogroup were made possible, after the approval of the Middle Term Fiscal Strategy program and the Implementation Law in the Parliament.

This development has strengthened the country’s international credibility. What is crucial now is to implement parliament's decisions on time and effectively, in order to be able to gradually exit the crisis for the benefit of the national economy and Greek citizens.redsq

Tags: Statements

Friday, July 1, 2011

Greek finance minister aims return to growth in 2012

by Dina Kyriakidou

ATHENS, July 1 (Reuters) - Greece's economy will slump further before starting to expand again next year thanks to fast injections of EU funds and reforms to spur growth, new Finance Minister Evangelos Venizelos told Reuters on Friday.

In his first interview to international media since being appointed last month, Venizelos pledged to accelerate efforts to sell off state companies and crack down on tax evasion, saying violent anti-austerity protests masked a high level of political consensus on the need to reform and keep Greece in the euro zone.

He said the economy would shrink by 3.9 percent this year but would need to return to growth if Greece was to make progress cutting its enormous public debt.

Tags: Interviews

June 28, 2011

As soon as Deputy Prime Minister and Finance Minister of the Hellenic Republic, Evangelos Venizelos, was made aware of Christine Lagarde's election as head of the International Monetary Fund, he made the following statement from Parliament:

left-red-arrowGreece's representative to the International Monetary Fund, professor Roumeliotis, has just informed me that current French Finance Minister Christine Lagarde has been elected as the new Managing Director of the International Monetary Fund. I would like to  announce the news to parliament, to express my congratulations and to wish her the best of luck on behalf of the Hellenic Government. redsq

Tags: Statements

Saturday  20 June 2011

On the sidelines of the Eurogroup Council meeting that continues today in Luxembourg for a second day, the Deputy Prime Minister and Finance Minister Evangelos Venizelos made the following statement:

left-red-arrowThere is a firm belief in the Eurogroup regarding issues concerning Greece. There is an immediate and urgent need to regain the credibility of the country, with regard to the implementation of the Economic Programme.

In contrast to Ireland and Portugal, who appear to have a high degree of internal political consensus, Greece’s national unity has become a prerequisite for our partners whereas it should have been as the Nation’s self-preservation instinct.

Tags: Statements

Luxemburg, Sunday 19 June 2011


left-red-arrowThis first participation in the Eurogroup in my new capacity as the Greek Minister of Finance is a great opportunity for me to repeat the strong committment of the Greek government and the strong will of the Greek people for the implementation of the Program.

We can achieve our targets thanks to the efforts of our people and thanks to the cooperation and the assistance of our partners.
Thank you very much. redsq

Tags: Statements

July 6, 2011

5911151913_4f47b9af7eDeputy PM and Finance minister Evangelos Venizelos and his German counterpart, Federal Finance minister Wolfgang Schäuble, met tonight in Berlin for their first bilateral meeting since Mr Venizelos’ appointment in June.

The ministers discussed current European affairs over dinner. Among the issues covered was the sovereign debt crisis in the Eurozone, with a special focus on the progress of the reform programme in Greece. Minister Schäuble praised the reform and fiscal efforts of the Greek government and welcomed the approval of the government’s latest reform laws in parliament last week.

Both ministers agreed that the measures that have been enacted must now be swiftly implemented in order to speed up the country’s economic recovery.

Tags: Interviews