British newspaper Financial Times elected Greek Finance Minister Evangelos Venizelos as the worst minister for finance in Europe for 2011. Venizelos got the worst rating in terms of political ability, economic performance and credibility in the markets. The ranking, coloured by the Eurozone crisis and the unsolved problems of the Greek debt, landed Venizelos at the bottom of the list, at the 19th rank and last spot. Rank 18th was ‘won’ by Italian FinMin Giulio Tremonti. First and best is Sweden’s Anders Borg, while Germany’s Wolfgang Schaeuble comes second.
In each category the 19 largest European Union economies – and their finance ministers – received a ranking between 1, which was the best, to 19, at the bottom of the scale.
Swedish Anders Borg is pleased with his top spot but chose to tone down his own role and spoke instead of ”team efforts”. (source: The Local.se )
It has not be known how Venizelos reacted to the FT ranking…
Former Greek FinMin George Papaconstantinou had rank 8th in FT FinMin rankings – but that was last year.
