Fernando Teixeira dos Santos


Fernando Teixeira dos Santos, GOIH is a Portuguese economist and professor. He was Minister of Finance in the Portuguese Government led by José Sócrates.

Career

Teixeira dos Santos has a degree in Economics by the University of Porto, and a PhD in Economics by the University of South Carolina. He embraced an academic career as university professor in the Faculdade de Economia da Universidade do Porto .
He presided over the stock exchange authority of Portugal, the Comissão do Mercado de Valores Mobiliários, 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

Minister of Finance in the XVIII Governo Constitucional
Minister of Finance in the XVII Governo Constitucional
Minister of State in the XVII Governo Constitucional
State Secretary of Treasury and Finance in the XIII Governo Constitucional

Other activities

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