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Tuesday, 20 March 2012 - Greece's Venizelos quits as finance minister to lead party to polls |
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Related Topics World » ATHENS | Mon Mar 19, 2012 5:24pm EDT ATHENS (Reuters) - Greece's Evangelos Venizelos quit as finance minister on Monday to lead the Socialists into a general election, a day after taking over the helm of the party, which is trailing far behind its rival conservatives in opinion polls. The socialist PASOK party, which came to power in October 2009 on a platform to tax the rich and help the poor but had to change course when the debt crisis exploded weeks later, has been weakened by over two years of unpopular austerity. Venizelos, 55, who became finance minister in June last year and stayed in the job in a coalition government that took over in November, has spearheaded the marathon debt talks which were concluded with the world's biggest debt restructuring last week. "We cannot afford to relax or think that we have exited the crisis," Venizelos, 55, told a cabinet meeting, adding that he will fight "for a new parliament which will guarantee stability and a future for the country." Venizelos, a constitutional law expert turned politician, was elected on Sunday to take over PASOK from former Prime Minister George Papandreou with a mandate to revive the party's chances ahead of the polls. The name of the new finance minister is expected to be announced on Tuesday, government sources said, adding that Interior Minister Tassos Giannitsis had emerged on Monday as a possible candidate. Deputy Finance Minister Filippos Sachinidis and the prime minister's chief economic adviser Gikas Hardouvelis were also among the possible choices to replace Venizelos at the finance ministry, source said, while local media speculated that technocrat Prime Minister Lucas Papademos himself may take over as finance minister. Opinion polls show the election to be held by early May may produce another coalition of the Conservatives and Socialists, who have been warned by the EU and the IMF that Greece must push ahead with more austerity to keep getting the aid it needs to stay afloat. (Reporting by Lefetris Papadimas and Renee Maltezou; Writing by Ingrid Melander; Editing by Hugh Lawson) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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