Fernando Teixeira dos Santos (born in

Maia Maia (; Ancient Greek: Μαῖα; also spelled Maie, ; la, Maia), in ancient Greek religion and mythology, is one of the Pleiades and the mother of Hermes, one of the major Greek gods, by Zeus, the king of Olympus. Family Maia is the daugh ...

, September 13, 1951), GOIH is a

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

economist An economist is a professional and practitioner 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. Within this field there are ...

and

professor Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professors ...

. He was

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

in the

Portuguese Government , border = Central , image = , caption = , date = , state = Portuguese Republic , address = Official Residence of the Prime Minister Estrela, Lisbon , appointed = President ...

led by

José Sócrates José Sócrates Carvalho Pinto de Sousa, GCIH (born 6 September 1957), commonly known as José Sócrates (), is a Portuguese politician who was the prime minister of Portugal from 12 March 2005 to 21 June 2011. For the second half of 2007, he ...

(''XVII Governo Constitucional'').

Career

Teixeira dos Santos has a degree in

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

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

. He had been also the Secretary of State in the socialist governments of

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...

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

made a request to President of the Republic

Jorge Sampaio Jorge Fernando Branco de Sampaio (; 18 September 1939 – 10 September 2021) was a Portuguese lawyer and politician who was the 18th president of Portugal from 1996 to 2006. A member of the Socialist Party, a party which he led between 1989 a ...

for the resignation of the Minister of Finance,

Luís Campos e Cunha Luis is a given name. It is the Spanish form of the originally Germanic name or . Other Iberian Romance languages have comparable forms: (with an accent mark on the i) in Portuguese and Galician, in Aragonese and Catalan, while is archaic ...

, for reasons of a

person A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of prope ...

al nature,

family Family (from la, familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship). The purpose of the family is to maintain the well-being of its members and of society. Idea ...

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 The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

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

African Development Bank The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies ...

(AfDB), Ex-Officio Member of the Board of Governors (2005-2011) *

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offic ...

(ADB), Ex-Officio Member of the Board of Governors (2005-2011) * European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (2005-2011) * European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (2005-2011)

Recognition

PRT Order of Prince Henry - Grand Officer BAR

Grand Officer of the Order of Prince Henry,

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

(28 June 2005) * PRT Order of Christ - Grand Cross BAR

Grand-Cross of the Order of Christ, Portugal (9 June 2015)

Personal life

Teixeira dos Santos is married to Maria Clementina Pereira Nunes with whom he had two children.Biografia
FEP, University of Porto

Notes

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

References

External links

Biography on Portugal.gov.pt
{{DEFAULTSORT:Teixeira dos Santos, Fernando 1951 births Living people People from Maia, Portugal 20th-century Portuguese economists Government ministers of Portugal Socialist Party (Portugal) politicians Finance ministers of Portugal University of Porto alumni 21st-century Portuguese economists Academic staff of the University of Porto