Fernando Teixeira dos Santos

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).

Fernando Teixeira dos Santos

GOIH
Minister of Finance
Minister of State
In office
21 July 2005 – 21 June 2011
PresidentJorge Sampaio
Aníbal Cavaco Silva
Prime MinisterJosé Sócrates
Preceded byLuís Campos e Cunha
Succeeded byVítor Gaspar
Secretary of State for Treasury and Finance
In office
30 October 1995 – 25 October 1999
PresidentMário Soares
Jorge Sampaio
Prime MinisterAntónio Guterres
Preceded byWalter Marques (Treasury)
Francisco Esteves de Carvalho (Finance)
Succeeded byAntónio Nogueira Leite
Personal details
Born (1951-09-13) September 13, 1951
Maia, Portugal
NationalityPortuguese
Political partyIndependent
Spouse(s)Maria Clementina Pereira Nunes
Children2
Alma materUniversity of Porto
University of South Carolina
ProfessionEconomist
Professor
Signature

Career

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

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
  • 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

Other activities

Recognition

Personal life

Teixeira dos Santos is married to Maria Clementina Pereira Nunes with whom he had two children.[6]

Notes

The title Minister of State is attributed to ministers that have a role similar to deputy Prime Minister.

References
  1. 2006 Annual Report African Development Bank (AfDB).
  2. 2005 Annual Report Asian Development Bank (ADB).
  3. 2005 Annual Report European Bank for Reconstruction and Development (EBRD).
  4. 2007 Annual Report European Investment Bank (EIB).
  5. "Cidadãos Nacionais Agraciados com Ordens Portuguesas". Página Oficial das Ordens Honoríficas Portuguesas. Retrieved 31 July 2017.
  6. (in Portuguese) Biografia, FEP, University of Porto
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