Fernando Teixeira dos Santos (born September 13, 1951) GOIH is a Portuguese economist and professor. He was Minister of Finance in the XVII and XVIII Constitutional Government of Portugal, led by José Sócrates.
Fernando Teixeira dos Santos | |
|---|---|
 | |
| Minister of Finance Minister of State | |
| In office 21 July 2005 – 21 June 2011 | |
| President | Jorge Sampaio Aníbal Cavaco Silva |
| Prime Minister | José Sócrates |
| Preceded by | Luís Campos e Cunha |
| Succeeded by | Vítor Gaspar |
| Secretary of State for Treasury and Finance | |
| In office 30 October 1995 – 25 October 1999 | |
| President | Mário Soares Jorge Sampaio |
| Prime Minister | António Guterres |
| Preceded by | Walter Marques (Treasury) Francisco Esteves de Carvalho (Finance) |
| Succeeded by | António Nogueira Leite |
| Personal details | |
| Born | September 13, 1951 Maia, Portugal |
| Political party | Independent |
| Spouse | Maria Clementina Pereira Nunes |
| Children | 2 |
| Alma mater | University of Porto University of South Carolina |
| Profession | Economist Professor |
| Signature |  |
Career edit
Teixeira dos Santos has a degree in Economics by the University of Porto (1973), and a PhD in Economics by the University of South Carolina (1985). He embraced an academic career as university professor in the Faculdade de Economia da Universidade do Porto (FEP) (Economics School of the University of Porto).
He presided over the stock exchange authority of Portugal, the Comissão do Mercado de Valores Mobiliários (CMVM), until he received an invitation to enter the Portuguese government led by José Sócrates. He had been also the Secretary of State in the socialist governments of Prime Minister António Guterres. After had been Minister of Finances in the José Sócrates' cabinet, in 2011 he returned to his duties at the University of Porto's FEP.
Minister edit
In July 2005, Prime Minister José Sócrates made a request to President of the Republic Jorge Sampaio for the resignation of the Minister of Finance, Luís Campos e Cunha, for reasons of a personal nature, family and fatigue, according to an official source. This same source also added that the Prime Minister, Jose Sócrates, "at the same time" proposed the nomination of Fernando Teixeira Dos Santos as minister of Finances to the President of the Republic, Jorge Sampaio. Minister of Finances Teixeira dos Santos was pivotal as the highest-ranked officer of the country, involved in the management of all the issues related to the Portuguese sovereign debt crisis. As the months went on the Portuguese debt crisis got worse, an International Monetary Fund rescue plan was put in place, and the Sócrates' cabinet was dissolved. The Socialists were ousted from the Portuguese Government after the 2011 Portuguese legislative election and Teixeira dos Santos returned to his academic career at the University of Porto.
Duties in the Government of Portugal edit
- From 30 October 1995 to 25 October 1999: State Secretary of Treasury and Finance in the XIII Constitutional Government
- From 21 July 2005 to 26 October 2009: Minister of State and Finance in the XVII Constitutional Government
- From 26 October 2009 to 20 June 2011: Minister of Finance in the XVIII Constitutional Government
Other activities edit
- African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (2005-2011)[1]
- Asian Development Bank (ADB), Ex-Officio Member of the Board of Governors (2005-2011)[2]
- European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (2005-2011)[3]
- European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (2005-2011)[4]
Recognition edit
Grand Officer of the Order of Prince Henry, Portugal (28 June 2005)[5]
Grand-Cross of the Order of Christ, Portugal (9 June 2015)[5]
Personal life edit
Teixeira dos Santos is married to Maria Clementina Pereira Nunes with whom he had two children.[6]
Notes edit
The title Minister of State is attributed to ministers that have a role similar to deputy Prime Minister.
References edit
- ^ 2006 Annual Report African Development Bank (AfDB).
- ^ 2005 Annual Report Asian Development Bank (ADB).
- ^ 2005 Annual Report[permanent dead link] European Bank for Reconstruction and Development (EBRD).
- ^ 2007 Annual Report European Investment Bank (EIB).
- ^ a b "Cidadãos Nacionais Agraciados com Ordens Portuguesas". Página Oficial das Ordens Honoríficas Portuguesas. Retrieved 31 July 2017.
- ^ (in Portuguese) Biografia, FEP, University of Porto