Costas Simitis

Constantine G. Simitis (Greek: Κωνσταντίνος Γ. Σημίτης; born 23 June 1936) is a Greek retired politician who led the 'Modernization' movement of Greece. He succeeded in leadership Andreas Papandreou, the founder of the Panhellenic Socialist Movement (PASOK), and served as Prime Minister of Greece from 1996 to 2004.

The leadership transition from Papandreou to Simitis was neither orderly nor `friendly.' Simitis faced loyalists of the former Prime Minister who had spent much of their energy trying to prevent such a transition from ever taking place. From the outset, the less-than-dominant position Simitis held in his party circumscribed so many of his actions. By the time he had left office in 2004, however, Simitis had a number of significant achievements and reforms in the wider society and economy to proclaim: Greek entry into the Euro currency; the Cypriot accession into the EU; the successful completion of the Athens 2004 Summer Olympics; and the accomplishment of a variety of large-scale infrastructure projects (like the new Eleftherios Venizelos airport, the Athens ring road, Athens Metro, and Rio–Antirrio Bridge). New institutions were also introduced, such as the Greek Ombudsman and a number of regulatory bodies to supervise market liberalization.

Under Simitis' governments, the Greek economy, after two decades of the exuberant rhetoric of his predecessors and financial stagnation, was put in order by reducing inflation from an annual average of 15% to 3%, and budget deficits from more than 10% to 3%. The economy grew with an average annual increase of 4.1% of GDP.

Much later, after the debt crisis erupted in Greece in 2009, the legacy would be re-interpreted by critics as not being enough or misleading. Yet, under Simitis, Greece had seemingly strengthened its capacity for reform and had, indeed, appeared both more 'modern' and 'European.'