Vítor Constâncio
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Vítor Constâncio
Vítor Manuel Ribeiro Constâncio, GCC, GCIH (born 12 October 1943) is a Portuguese economist and academic who served as Vice President of the European Central Bank from 2010 to 2018. He previously served as Governor of the Bank of Portugal from 1985 to 1986 and 2000 to 2010. Constâncio graduated in economics from the University of Lisbon, and obtained a master at the University of Bristol. Since June 2018 he has been a professor at the School of Economics & Business Administration of the University of Navarrabr> Career Constâncio was Secretary of State for Planning in the I and II Provisional Government of Portugal from 1974 to 1975, and Secretary of State for Budget and Planning in 1976 in the IV Provisional Government. He then became Ministry of Finance (Portugal), Minister of Finance from January to August 1978 in the II Constitutional Government of Portugal, and is therefore until now the youngest Portuguese Finance Minister since the revolution. Constâncio was secre ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ...
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University Of Bristol
, mottoeng = earningpromotes one's innate power (from Horace, ''Ode 4.4'') , established = 1595 – Merchant Venturers School1876 – University College, Bristol1909 – received royal charter , type = Public red brick research university , endowment = £91.3 million (2021) , budget = £752.0 million (2020–21) , chancellor = Paul Nurse , vice_chancellor = Professor Evelyn Welch , head_label = Visitor , head = Rt Hon. Penny Mordaunt MP , academic_staff = 3,385 (2020) , students = () , undergrad = () , postgrad = () , city = Bristol , country = England , coor = , campus = Urban , free_label = Students' Union , free = University of Bristol Union , colours = ...
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Eurozone
The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 19 eurozone members are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The eight non-eurozone members of the EU are Bulgaria, Czech Republic, Croatia, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, albeit all but Denmark are obliged to join once they meet the euro convergence criteria. Croatia will become the 20th member on 1 January 2023. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. In addition, Kosovo and Montenegro h ...
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Christian Noyer
Christian Noyer (born 6 October 1950) is a French economist who served as Governor of the Bank of France from 2003 to 2015. In this capacity, he chaired the Bank for International Settlements from 2010 until 2015. He had previously served as Vice-President of the European Central Bank from 1998 to 2002. Career Appointed to the Treasury in the Ministry of the Economy and Finance in 1976, Noyer subsequently spent two years in Brussels from 1980 to 1982 at France's permanent representation to the European Communities. Back at the Treasury, he held a range of posts dealing with both domestic issues (government cash and debt management, banking affairs, financing of industry and state-owned enterprises) and international affairs (multilateral issues, export financing). In 1995, he became chief of staff to Finance Minister Jean Arthuis. Noyer was appointed Governor of the Bank of France in 2003 by then-President Jacques Chirac, and confirmed to a second term by his successor Nicolas S ...
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Banco Privado Português
Banco Privado Português (BPP) was a private Portuguese bank, based in Lisbon. Founded by João Rendeiro it's currently in liquidation. On 24 July 2009, Paulo Guichard and Salvador Fezas Vital, two former board committee members of BPP were suspended by Banco de Portugal, and joined João Rendeiro in the BPP case, to be indicted for falsifying accounts, tax crimes and money laundering. On 15 April 2010, the Banco de Portugal, Portugal central bank, "after verifying the impossibility of recapitalization and recovery efforts of this institution", ordered the liquidation of the Banco Privado Português. On 11 October 2010, the Polícia Judiciária conducted searches at the homes of former officials of the BPP under the scope of an investigation into suspected money laundering and fraud. On 11 February 2013, João Rendeiro, Fezas Vital and Paul Guichard, former members of the board committee were charged by the Public Ministry with fraud, in a matter of a Collective i ...
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Banco Português De Negócios
Banco Português de Negócios (English: Portuguese Bank of Business), or simply BPN, was a Portuguese banking institution. It used to be a private bank, but was nationalized by the Portuguese Government in 2008 after a bad management and malpractice-related debt of 1.800 billion euros and several irregularities uncovered in the institution. In 2012, BPN, stripped of many of its debts and bad loans, was sold to Angola’s Banco BIC for €40 million.Peter Wise (February 4, 2014)Christie’s pulls Miró auction after Portuguese protests''Financial Times''. History BPN - Banco Português De Negócios, S.A. was founded in 1993 and was based in Lisbon. Scandal Portugal's Finance Minister Fernando Teixeira dos Santos told a press conference after a special cabinet meeting that the government was to assure deposits in BPN, and that the management of BPN was to be given to the Caixa Geral de Depósitos (Portugal's public bank) under Bank of Portugal's (Banco de Portugal, the Portuguese Cen ...
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European Voice
''Politico Europe'' (stylized as ''POLITICO Europe'') is the European edition of the German-owned news organization ''Politico'' reporting on political affairs of the European Union. Its headquarters are located in Brussels with additional offices in London, Berlin, Warsaw, Paris, and Frankfurt. In September 2014, ''Politico'' formed a joint venture with German publisher Axel Springer SE to launch its European edition. In December 2014, the joint venture announced its acquisition of ''Development Institute International'', a leading French conference business, and ''European Voice'', a European political newspaper previously part of the Economist Group, to be relaunched under the ''Politico'' brand. Among the participants of the launch event on April 21, 2015, was President of the European Council Donald Tusk and President of the European Parliament Martin Schulz. ''Politico Europe'' debuted with its first print issue two days later, on April 23, 2015. The main sources of revenue ...
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Energias De Portugal
EDP - Energias de Portugal (formerly Electricidade de Portugal) is a Portuguese electric utilities company, headquartered in Lisbon. It was founded in 1976 through the merger of 14 nationalised electricity companies. History EDP was founded as ''Electricidade de Portugal, E.P.'' by the Portuguese government though the Decreto-lei nº 502/76 published on June 30, 1976, merging 14 former energy companies that had been nationalised by 1975 in the aftermath of the regime change in 1974, of which the most significant had been the ''Companhias Reunidas de Gás e Eletricidade'' (CRGE). The Portuguese state privatised the company in several phases, from 1996 to 2011. In March 2007 the group made a US$3 billion takeover of Horizon Wind Energy, the Texan-based wind power producer. At the time, it was the largest renewable energy deal to date and made EDP the fourth largest wind power producer in the world. The firm's renewables operations (including Horizon) are now contained within its m ...
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Portugal Telecom
Altice Portugal (formerly known as Portugal Telecom or PT) is the largest telecommunications service provider in Portugal. Since June 2, 2015, the company has been a wholly owned subsidiary of Altice Europe, a multinational cable and telecommunications company with a presence in France, Israel, Belgium, Luxembourg, Portugal, French West Indies/Indian Ocean Area, the Dominican Republic, and Switzerland. The assets in Portugal were sold to Altice in 2015 per request of Oi SA to reduce debt. The African assets were mostly sold for the same reason. Portugal Telecom, SGPS SA was split in separate companies: PT Portugal (now Altice Portugal) and Pharol (formerly PT SGPS), which owns a 27,5% stake in Oi. History The first telephone experiments in Portugal connected Carcavelos to the Central do Cabo in Lisbon, in 1877. In 1882, the Edison Gower-Bell Telephone Company was established in both Lisbon and Porto, to develop the respective telephone service concessions. In 1887, the conc ...
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Banco Português De Investimento
Banco Português de Investimento (BPI, ) is a major privately owned bank in Portugal owned by Spanish bank CaixaBank. It runs the banking business with companies, institutional and private clients. As ''Sociedade Portuguesa de Investimentos'' it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of €112.9 billion (in 2009). Chairman and CEO is Fernando Ulrich. The bank is headquartered in Porto. The commercial banking group Banco BPI has more than 1.4 million customers, individuals, businesses and institutions. Through its multi-channel distribution network with 674 branches, 30 investment centers and branches, the bank specializes in home loans through a network of outside companies. The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with ...
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Portuguese Council Of State
The Council of State ( pt, Conselho de Estado, ) is a body established by the Portuguese Constitution to advise the President of the Republic in the exercise of many of his or her discretionary powers. History Although there are notices about the existence of a Council of State in Portugal before 1385, the first permanent regiment for its functioning was established by King Sebastian through his charter of 8 September 1569. The Council of State continued to exist after the establishment of the Constitutional Monarchy in 1821. It was foreseen in the Portuguese Constitutions of 1822, 1826 and 1838. After the 5 October 1910 revolution that established the Republic in Portugal, the Council of State was abolished, not being foreseen in the Constitution of 1911. The Council of State was reestablished by the Constitution of 1933. It was again not foreseen by the Constitution of 1976. However, it was reestablished in 1984, following the revision of the Constitution of 1982. Role B ...
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