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

Wednesday, July 6, 2011


The New York Times

Greek Finance Minister Moves From Crisis to Crisis

by Landon Thomas Jr. and Rachel Donadio

Bloomberg_mediumAs he approached the end of another 16-hour workday, Evangelos Venizelos had one question on his mind: Will Europe come up with the money that Greece so desperately needs? As the new Greek finance minister, Mr. Venizelos is the man in charge of steering a nearly bankrupt economy back on track — and, perhaps, preventing another global financial crisis.

No sooner had he presided over the close passage of a new austerity bill last week, than he was contending with the growing controversy over how much money private banks would contribute by taking on more Greek debt.

Tags: Interviews

21 May 2011

Q: What are the objectives of the military campaign that is underway since Friday night?

Ev. Venizelos: The operation’s objectives are none other than to implement the Security Council Resolution 1973. So, its goal is to protect the non-combatant population, to facilitate the deployment of the necessary humanitarian operations and to create the conditions that will allow Libyans to take, through democratic processes, crucial decisions about the future of their country, because the Security Council Resolution itself insists on the need to respect the integrity, national cohesion and national sovereignty of Libya.

Tags: Interviews

Thursday, 19 May 2011

«In the aftermath of the global economic crisis: what next?»

left-red-arrowGood morning. I would like to thank this session’s moderator for his short introduction. I’d also like to thank the conference organizers, Economist’s conference division, who have a great tradition in successfully organizing similar events, Mrs. Parassivakis and all her colleagues. And thank you, ladies and gentlemen, for being here in this, early morning and thus challenging, session.

As we all know, during NATO’s Lisbon Summit in November 2010, the Alliance’s new Strategic Concept was formulated following many years of deliberations and preparations. In November, the NATO heads of states and governments formulated some widely accepted principles that are almost self-evident. We all wanted to transform NATO into an organization of not just defence but of security as well, one with strong politico-military characteristics however. The top priority was the capacity to prognosticate, and then manage, crises -through all the levels that a crisis, that can assume, as it often does, military characteristics, goes through. But such a crisis obviously starts as a political one and is a problem that in the end is being resolved with political and diplomatic means.

Tags: Speeches

Thursday, 28 April 2011

left-red-arrowI fail to understand the purpose of the question [asked by an opposition MP] "if Israel guarantees it will protect Greece, should we declare our rights on the Exclusive Economic Zone (EEZ)". The rights on the EEZ are stemming from the Convention on the Law of the Sea, from the 1982Montego Bay Convention. We have said in Parliament that while the Continental Shelf exists by itself, ab initio and ipso jure according to International Law, a country's jurisdiction on the EEZ [on the other hand] must be declared.

Greece has repeatedly said -the Prime Minister and the Foreign Minister have said so themselves and I have said it many times over- that Greece maintains her rights on the EEZ intact and that it exercises military oversight where necessary, as has recently been the case with the Italian vessel "Explora" and as I have had the opportunity to explain to [the members of] the Standing Parliamentary Committee on Foreign Affairs and Defence.

Tags: Parliament

Wednesday, 30 March 2011


Q: Referring to Libya, how many months of operations can Greece sustain financially, given the monthly national cost of €6.5 million?

Ev. Venizelos: That cost is minimal. If you happened to listen to the briefing in the U.S. Congress or in other Parliaments of small countries that participate, such as Belgium, Norway or Denmark, you’d see that they bear costs much larger than that because they have fighting jets doing sorties all the time.

Q: But they’re rather well-off economically.

Ev. Venizelos: The figure of the €6.5 million that I mentioned in Parliament yesterday is the cost of Greece’s monthly contribution in accounting terms, assuming for a moment that, for national reasons, our frigate or the aerial radar would not engage. That is if we paid nothing for operating costs for the frigate, aerial radar and the Search and Rescue helicopter. That’s how Greece calculates its contribution to NATO. The real cost is much lower.

Tags: Interviews

Tuesday, March 29, 2011

Special Hearing of the National Defense and Foreign Affairs

Parliamentary Committee

Defense Minister Evangelos Venizelos briefs the MPs on the events in Libya

The overall situation

left-red-arrowOver the last few weeks we have been witnessing impressive –I’d say historic- developments in the Mediterranean region, in the Middle East, in North Africa and many Gulf countries. We see history in the making. The situation in the Arab world is changing and to a large extent we see collapsing stereotypes –under the scope of which we used to see things over the past few years, especially since the fall of Communism and the emergence of a new global balance of power.

New societies and demographic phenomena that emerge have little to do with the European standards. We can have an ambitious and long discussion about the deeper causes of those changes that appear to be, nonetheless, democratically led, demanding citizen participation in political power. For a country like Greece and for a continent such as Europe, who claim to exercise a principle-based policy, it is very important to express our awe and satisfaction, because those universal ideological characteristics remain alive. One can not be but positive, opposite the demand for democratic participation, for the rule of law and for the respect of human rights.

Tags: Parliament