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, 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

Thessaloniki, September 11, 2011


Statement of the Deputy Prime Minister and Finance Minister of the Hellenic Republic, following the informal Cabinet Meeting in Thessaloniki

left-red-arrowGood afternoon. A very critical and long Cabinet meeting came to an end a while ago. This is the second crucial Cabinet meeting since Tuesday, when we announced the decision to drastically speed up the structural changes for the new single payroll and grading system of the public sector employees, which will be applied in the wider public sector, for the labor reserve, for the restructuring of public organizations, for the liberalization of the labor market and for the enhancement of our national competitiveness.

The Prime Minister asked the Cabinet today to address a very critical situation that has developed in recent days in the Eurozone, in Europe and the global markets. There is no doubt that the lack of comprehensive institutions of economic governance at European and international level, acts as a catalyst and influences political and institutional developments, particularly in the European Union, which is at a threshold in the historical and institutional process of European integration.

Tags: Statements

Athens, September 9, 2011


Deputy Prime Minister and Minister of Finance of Greece, Mr. Evangelos Venizelos, commented on the rumors about a possible Greek default this coming weekend, as follows:

left-red-arrowIt is not the first time that we see an organized wave of “rumors” about an upcoming Greek default. This is a game of a very bad taste, an orchestrated speculation that is targeting the euro and the Euro Area as a whole.

Greece’s fundamental choice and priority is to fully and entirely implement the July 21 decisions and, of course, to wholly fulfill its obligations that derive from the agreements reached between Greece and its partners.redsq

Tags: Statements

Athens, July 17, 2011


Deputy PM and Finance Minister Evangelos Venizelos made the following statement after the meeting with Secretary of State Mrs. Hillary Clinton:

left-gray-arrowklinton_venizelosI had a very interesting and substantial discussion with Mrs. Clinton on all the details, but always under a political approach. The US Government and the Secretary of State herself understand very well that the problem of the economy is political and that Greece must present a complete national story in terms of what it does and for the prospects that lie ahead.

US support is extremely important. It is important through the IMF, where the role of the United States is crucial. US support is also important through the bilateral contacts that they maintain with all Eurozone member states and they realize fully well that, if Greece produces results in tackling tax-evasion, in the collection of public revenues and in the implementation of the privatization program, the international environment will shift. Moreover, they take note of any achievements, of the smallest positive step possible towards that direction.

Tags: Statements

July 15 2011

Referring to the release of the results of the “EU-wide stress tests” of the banking system, Deputy Prime Minister and Finance Minister Evangelos Venizelos made the following statement:

left-gray-arrowThe results of the EU-wide stress test of the European banking system that uses extreme theoretical scenarios and situations, is particularly favorable to the Greek banking system.

91 banks from the 27 EU member states took part in the stress tests, among which the six largest Greek banks that cover almost the entire banking sector, over 90%.

Tags: Statements