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

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