Greece’s Venizelos Says His Pasok Party to Defy Slump in Polls

Greek Finance Minister Evangelos Venizelos said his socialist Pasok party, which is preparing to elect a new leader March 18, will defy polls showing a slump in support.

“Our goal is victory, Pasok as the first party, upsetting the polls,” he said today in a speech shown on state-run NET TV.

Pasok will vote for a leader to replace former Prime Minister George Papandreou and there has been wide speculation that Venizelos will run. He didn’t say today whether he will be a candidate. Greece is due to hold national elections in late April or early May.

Greece convinced private investors to forgive more than 100 billion euros ($131 billion) of debt, opening the way for a second bailout program worth 130 billion euros. Venizelos said his party had managed the greatest crisis in Greece since its civil war.

“Now the key to a return to a growth trajectory is in the hands of the Greeks,” Venizelos said.

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Jerrold Colten at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.