Fernando Teixeira dos Santos
Encyclopedia
Fernando Teixeira dos Santos (born in Maia
, September 13, 1951), GOIH is a Portuguese
economist
and professor
. He was Minister of Finance in the Portuguese Government led by José Sócrates
(XVII Governo Constitucional).
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.
He is married to Maria Clementina Pereira Nunes with whom he had two children.
made a request to President of the Republic
Jorge Sampaio for the resignation of the Minister of the Finances, Luís Campos e Cunha, for reasons of a person
al 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, a 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 Portuguese legislative election, 2011
and Teixeira dos Santos returned to his academic career at the University of Porto.
Duties in the Government of Portugal
Minister of Finance in the XVIII Governo Constitucional
Minister of Finance in the XVII Governo Constitucional
Minister of State in the XVII Governo Constitucional
State Secretary of Treasury and Finance in the XIII Governo Constitucional
Maia, Portugal
Maia Municipality is located in the Porto Metropolitan Area, Grande Porto subregion, in Norte Region, Portugal. The city of Maia includes the parishes of Gueifães, Maia and Vermoim, and has 39,949 inhabitants. The Maia Municipality comprises 135,049 inhabitants in 17 parishes for a total land...
, September 13, 1951), GOIH is a Portuguese
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
. He was Minister of Finance in the Portuguese Government led by José Sócrates
José Sócrates
José Sócrates Carvalho Pinto de Sousa, GCIH , commonly known by José Sócrates , is a Portuguese politician who was the Prime Minister of Portugal from 12 March 2005 to 21 June 2011....
(XVII Governo Constitucional).
Career
Teixeira dos Santos has a degree in EconomicsEconomics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
by the University of Porto
University of Porto
The University of Porto is a Portuguese public university located in Porto, and founded 22 March 1911. It is the largest Portuguese university by number of enrolled students and has one of the most noted research outputs in Portugal...
(1973), and a PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in Economics by the University of South Carolina
University of South Carolina
The University of South Carolina is a public, co-educational research university located in Columbia, South Carolina, United States, with 7 surrounding satellite campuses. Its historic campus covers over in downtown Columbia not far from the South Carolina State House...
(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
University of Porto
The University of Porto is a Portuguese public university located in Porto, and founded 22 March 1911. It is the largest Portuguese university by number of enrolled students and has one of the most noted research outputs in Portugal...
).
He presided over the stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
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
José Sócrates
José Sócrates Carvalho Pinto de Sousa, GCIH , commonly known by José Sócrates , is a Portuguese politician who was the Prime Minister of Portugal from 12 March 2005 to 21 June 2011....
. He had been also the Secretary of State in the socialist governments of Prime Minister
Prime minister
A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime...
António Guterres
António Guterres
António Manuel de Oliveira Guterres, GCC is a Portuguese politician, a former prime minister and President of the Socialist International. Currently he is the United Nations High Commissioner for Refugees.-Early life:...
. After had been Minister of Finances in the José Sócrates' cabinet, in 2011 he returned to his duties at the University of Porto
University of Porto
The University of Porto is a Portuguese public university located in Porto, and founded 22 March 1911. It is the largest Portuguese university by number of enrolled students and has one of the most noted research outputs in Portugal...
's FEP.
He is married to Maria Clementina Pereira Nunes with whom he had two children.
Minister
In July 2005, Prime Minister José SócratesJosé Sócrates
José Sócrates Carvalho Pinto de Sousa, GCIH , commonly known by José Sócrates , is a Portuguese politician who was the Prime Minister of Portugal from 12 March 2005 to 21 June 2011....
made a request to President of the Republic
President of Portugal
Portugal has been a republic since 1910, and since that time the head of state has been the president, whose official title is President of the Portuguese Republic ....
Jorge Sampaio for the resignation of the Minister of the Finances, Luís Campos e Cunha, for reasons of a person
Person
A person is a human being, or an entity that has certain capacities or attributes strongly associated with being human , for example in a particular moral or legal context...
al nature, family
Family
In human context, a family is a group of people affiliated by consanguinity, affinity, or co-residence. In most societies it is the principal institution for the socialization of children...
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, a International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
rescue plan was put in place, and the Sócrates' cabinet was dissolved. The Socialists were ousted from the Portuguese Government after the Portuguese legislative election, 2011
Portuguese legislative election, 2011
A general election was held in Portugal on 5 June 2011 to elect all 230 members of the Assembly of the Republic. Pedro Passos Coelho led the center-right Social Democratic Party to victory over the Socialist Party, led by incumbent Prime Minister José Sócrates...
and Teixeira dos Santos returned to his academic career at the University of Porto.
Duties in the Government of PortugalGovernment of PortugalThe Government is one of the four sovereignty organs of the Portuguese Republic. It is also the organ that conducts politics in general in the country and is also the superior body in public administration...
- Since 2009-10-26 to 2011-06-20:
Minister of Finance in the XVIII Governo Constitucional
- Since 2005-07-21 to 2009-10-25:
Minister of Finance in the XVII Governo Constitucional
- Since 2005-07-21 to 2009-10-25:
Minister of State in the XVII Governo Constitucional
- Since 1995-10-30 to 1999-10-25:
State Secretary of Treasury and Finance in the XIII Governo Constitucional