Fernando Teixeira dos Santos (born September 13, 1951) GOIH is a Portuguese

economist An economist is a professional and practitioner in the social sciences, 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 ...

and

professor Professor (commonly abbreviated as Prof.) is an Academy, academic rank at university, universities and other tertiary education, post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin ...

. He was Minister of Finance in the XVII and

XVIII Constitutional Government of Portugal The XVIII Constitutional Government of Portugal (Portuguese language, Portuguese: ''XVIII Governo Constitucional de Portugal'') was the 18th government of the Third Portuguese Republic, under the Constitution of Portugal#Constitution of 1976, P ...

, led by José Sócrates.

Career

Teixeira dos Santos has a degree in

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

by the University of Porto (1973), and a

PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...

in Economics by the

University of South Carolina The University of South Carolina (USC, SC, or Carolina) is a Public university, public research university in Columbia, South Carolina, United States. Founded in 1801 as South Carolina College, It is the flagship of the University of South Car ...

(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 A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

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 A prime minister 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. A prime minister is not the head of state, but r ...

António Guterres António Manuel de Oliveira Guterres (born 30 April 1949) is a Portuguese politician and diplomat who is serving as the ninth and current secretary-general of the United Nations since 2017. A member of the Socialist Party (Portugal), ...

. 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

person A person (: people or persons, depending on context) is a being who 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 suc ...

al nature,

family Family (from ) is a Social group, group of people related either by consanguinity (by recognized birth) or Affinity (law), affinity (by marriage or other relationship). It forms the basis for social order. Ideally, families offer predictabili ...

and

fatigue Fatigue is a state of tiredness (which is not sleepiness), exhaustion or loss of energy. It is a signs and symptoms, symptom of any of various diseases; it is not a disease in itself. Fatigue (in the medical sense) is sometimes associated wit ...

, 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 funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

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

*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

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

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

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was establishe ...

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

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

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

European Investment Bank The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt sol ...

(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 The Order of Prince Henry () is a Portuguese order of knighthood created on 2 June 1960, to commemorate the quincentenary of the death of the Portuguese ''infante'' Prince Henry the Navigator, one of the main initiators of the Age of Discovery. M ...

Portugal Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. Featuring Cabo da Roca, the westernmost point in continental Europe, Portugal borders Spain to its north and east, with which it share ...

(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