Skip to content

Questions about Vítor Constâncio

Short answers, pulled from the story.

When was Vítor Constâncio born and where?

Vítor Manuel Ribeiro Constâncio was born on the 12th of October 1943 in Portugal. He graduated from the Technical University of Lisbon with an economics degree in 1965.

What political roles did Vítor Constâncio hold between 1974 and 1978?

Vítor Constâncio served as Secretary of State for Planning from 1974 to 1975 and took charge of Budget and Planning in 1976. He became Minister of Finance under the II Constitutional Government by January 1978 and held this office until August of that year.

How much gold did the Bank of Portugal sell during Vítor Constâncio's presidency?

The institution started with 600 tons of gold holdings and reduced these assets to approximately 400 tons by selling one third of the original stock. Critics later questioned the timing and transparency of these sales while Constâncio was in charge.

Why did Portugal request international financial assistance on the 6th of April 2011?

Portugal formally requested international financial assistance because the country struggled to secure financing needs in global markets. A €78 billion program emerged with equal participation from the European Financial Stabilisation Mechanism and the International Monetary Fund.

When did Vítor Constâncio serve as Vice President of the European Central Bank?

European finance ministers selected Constâncio as Vice President of the European Central Bank in 2010. His mandate spanned eight years until June 2018 when he replaced Lucas Papademos of Greece.

What academic positions does Vítor Constâncio hold since June 2018?

Vítor Constâncio has held a professorship at the School of Economics & Business Administration of the University of Navarra since June 2018. He serves as a Distinguished Fellow at the Center for Economic and Policy Research since 2019 and sits on the Advisory Board of the Banco de Portugal.