Arab Today, arab today greek finance minister quits cabinet to head party
Last Updated : GMT 11:26:52
Arab Today, arab today
Arab Today, arab today

Venizelos fell victim to debt crisis

Greek finance minister quits cabinet to head party

Arab Today, arab today

Arab Today, arab today Greek finance minister quits cabinet to head party

Greek Finance Minister Evangelos Venizelos
Athens - Arabstoday

Greek Finance Minister Evangelos Venizelos Greek Finance Minister Evangelos Venizelos announced on Monday that he is resigning his government job after being elected on Sunday to head the Socialist party PASOK, in the run-up to elections.
\"In the next few weeks, up to the elections, we must be very vigilant and persevering to achieve the budget targets, bring in public revenues, control expenditure and apply the economic programme,\" Venizelos said.
Early legislative elections are to be held by the middle of May under an agreement between the conservative New Democracy party and PASOK which underpins the interim arrangement headed by Prime Minister Lucas Papademos, a former central banker.
Opinion polls suggest that PASOK will do badly in the elections because it has been involved in imposing deep austerity in the last two years but Venizelos said that he hoped to achieve victory over his conservative rival, Antonis Samaras.
Venizelos, who has played a central role in recent months in negotiating a second bailout for Greece coupled with new austerity measures, made his announcement after meeting President Carolos Papoulias and before meeting Papademos.
\"I had the opportunity at a farewell meeting this morning at the finance ministry to give my last instructions,\" he said.
Venizelos, aged 55, has been finance minister for nine months and he was the only candidate to lead PASOK.
He was elected to the post late on Sunday to succeed George Papandreou, who had led the party in 2004 and won power at the end of 2009, only to be engulfed by, and eventually to fall victim to, the debt crisis late last year.
PASOK is one of the two main parties in an interim coalition government established to restore confidence, negotiate a second rescue and ensure promises to reform are applied.
Media reports suggest that the finance portfolio might be taken over by Papademos or be handed to the number two at the ministry, Philippos Sahinidis, who has been in his job since October 2009.
Venizelos was opposed initially to the tough measures to correct public finances imposed by the European Union and International Monetary Fund for a first bailout in 2010.
Since the formation of the interim government he has worked with Papademos to draft, negotiate and enact the terms of a second rescue involving a complex debt restructuring and bond swap and further deep action to cut spending, raise taxes and reform the economy.
Venizelos, considered to be a brilliant professor of constitutional law, joined PASOK at the end of the 1980s, and since then has been continuously elected a member of parliament, and been appointed to several ministries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek finance minister quits cabinet to head party Arab Today, arab today greek finance minister quits cabinet to head party

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek finance minister quits cabinet to head party Arab Today, arab today greek finance minister quits cabinet to head party

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Saudi witnessing a remarkable growth

GMT 09:57 2017 Saturday ,23 September

Saudi witnessing a remarkable growth
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday