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Stefanos Manos

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Stefanos Manos

1939 – 2026 · aged 86 · Greek politician, Minister of Finance 1992 to 1993

“A liberal reformer who argued for a leaner Greek state long before it was fashionable.”

Portrait: Drassi, via Wikimedia Commons (CC BY-SA 2.0)

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Stefanos Manos was a Greek liberal politician, engineer and businessman who served as a minister in governments led by Georgios Rallis and Konstantinos Mitsotakis, including as Minister of National Economy and Minister of Finance in 1992 and 1993. A member of parliament for most of three decades, he was one…

Stefanos Manos was a Greek liberal politician, engineer and businessman who served as a minister in governments led by Georgios Rallis and Konstantinos Mitsotakis, including as Minister of National Economy and Minister of Finance in 1992 and 1993. A member of parliament for most of three decades, he was one of the earliest and most persistent advocates of privatisation and smaller government in Greece, and he founded two liberal parties of his own, The Liberals and Drassi.

He was born in Athens on 20 December 1939, the son of the surgeon Alexandros Manos, a former director of Evangelismos Hospital, and the businesswoman Marietta Panoutsou, whose family owned the historic Allatini industrial firm in Thessaloniki. He studied mechanical engineering, specialising in aerodynamics, at ETH Zurich, graduating in 1963, and earned an MBA from Harvard University in 1965. He then rose through Allatini to become its general manager and later chairman.

Manos was first elected to parliament for New Democracy in Athens in 1977 and was re-elected at almost every election until 2007. As deputy minister of public works and then minister for the environment and planning, he protected about 400 traditional settlements, pedestrianised streets in central Athens, cleared nightclubs from the old Plaka district, introduced bus lanes and laid the groundwork for the Athens Metro, the new airport at Spata and the Attiki Odos motorway. In the Mitsotakis government he oversaw the arrival of mobile telephony and signed off major projects including the Rio-Antirrio bridge. As finance minister he became known for saying that it would be cheaper to send every Greek rail passenger to their destination by taxi.

His outspoken views often put him at odds with his own party. Expelled from New Democracy in 1998, he founded The Liberals in 1999, returned to parliament on the New Democracy ticket in 2000 and in 2004 on the PASOK state list as an independent. In 2009 he co-founded Drassi, which he led until 2012, and he remained a regular columnist for Kathimerini and Liberal.

Manos was married to Kirsten Manou and they had five children. He died on 15 August 2026, aged 86, after several years of serious health problems. Prime Minister Kyriakos Mitsotakis called him an unconventional politician whose positions were often ahead of their time. His funeral was held in Kifisia on 20 August 2026.

Biography adapted from Wikipedia (CC BY-SA 4.0, English and Greek); Kathimerini (15 August 2026), Naftemporiki, Ta Nea, Proto Thema and Star.gr reports. Wikipedia ↗

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Stefanos Manos in 2009
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my dad called me out of nowhere to tell me Manos died, he's not even Greek he just always talked about that old clip of him explaining why the state shouldn't own everything. 86. didn't know much else about him but apparently he was Finance Minister back in 92.

Angelica Rivera4h ago

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he was way ahead of his time on that stuff, Greece ignored him for decades

Candles

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8 people are remembering Stefanos here. Every candle here is someone saying they were glad Stefanos lived. No account needed; it takes a moment and it stays here.

No account needed.
Andre Thompson🇬🇧4h ago
Hamish Robinson🇺🇸5h ago
Brittany Bell🇺🇸5h ago
Julio Herrera🇺🇸7h ago
Earl Coles🇺🇸8h ago
Rest well, Stefanos.
Bronwyn Boyd🇺🇸8h ago
Rest well, Stefanos. Greece needed more like you.

Early life and business career

Stefanos Manos was born in Athens on 20 December 1939. His father, Alexandros Manos, was a surgeon and a former director of Evangelismos Hospital in Athens. His mother, Marietta Panoutsou, was a businesswoman and the daughter of Kosmas Panoutsos, a former president of the Federation of Greek Industries, whose family had acquired the historic Allatini industrial company in Thessaloniki. He…

Stefanos Manos was born in Athens on 20 December 1939. His father, Alexandros Manos, was a surgeon and a former director of Evangelismos Hospital in Athens. His mother, Marietta Panoutsou, was a businesswoman and the daughter of Kosmas Panoutsos, a former president of the Federation of Greek Industries, whose family had acquired the historic Allatini industrial company in Thessaloniki.

He studied mechanical engineering, specialising in aerodynamics, at the Swiss Federal Institute of Technology (ETH) in Zurich, graduating in 1963, and in 1965 he received an MBA from Harvard University.

The following year he became assistant general manager of Allatini, and he went on to serve as its general manager, vice chairman and chairman. At the company's biscuit business in Chalkida he introduced retail packs made of plastic coated paper in 1966, replacing the metal tins then common in Greece, and in 1968 he brought all-purpose flour to the Greek market, an idea he took from the United States. He was also vice president of the Greek flour millers' association and served on the board of the Federation of Greek Industries. He left Allatini in 1977 when he was elected to parliament.

Political career

Manos was elected to the Hellenic Parliament for New Democracy in the Athens A constituency in 1977, and he was returned at every election until 2007 except those of 1981 and June 1989. From 1977 to 1980 he was deputy minister of public works. He then became the first minister of the new Ministry of Spatial Planning, Housing and Environment,…

Manos was elected to the Hellenic Parliament for New Democracy in the Athens A constituency in 1977, and he was returned at every election until 2007 except those of 1981 and June 1989.

From 1977 to 1980 he was deputy minister of public works. He then became the first minister of the new Ministry of Spatial Planning, Housing and Environment, and also minister of industry and energy, in the government of Georgios Rallis from 1980 to 1981. In the government of Konstantinos Mitsotakis he was minister for the environment, physical planning and public works from 1990, minister of national economy in 1992 and minister of finance from 1992 to 1993.

His record as a minister included the protection of about 400 traditional settlements, the first pedestrianised streets in Athens, the regeneration of the Plaka district after he banned its nightclubs, bus lanes in the city centre, strict environmental rules and fines for polluting industries, and the relocation of the Athens gasworks. His Capital 2000 plan of 1979 set out the studies and land acquisition for what became the Athens Metro, the airport at Spata and the Attiki Odos motorway, and in the early 1990s he moved those projects forward, along with the Rio-Antirrio bridge, the introduction of mobile telephony and the opening up of the electricity and telephone monopolies.

Manos argued throughout his career for a smaller state, more enterprise and economic and institutional reform, and he was an early and unpopular champion of privatisation. As finance minister he famously remarked in 1992 that it would be cheaper for Greece to send every rail passenger to their destination by taxi, a line later quoted by Michael Lewis in his book Boomerang. His decision that August to raise the excise duty on petrol by 50 drachmas a litre was widely criticised.

In 1998 he broke with the New Democracy leader Kostas Karamanlis over a vote on public utilities and was expelled from the party. In April 1999 he founded The Liberals, which won 1.62 per cent at that year's European elections. He returned to parliament in 2000 on the New Democracy ticket, suspended the party in 2002 for lack of funds, and in 2004 was elected as an independent in third place on the PASOK state list under George Papandreou.

On 17 March 2009 he co-founded a new liberal party, Drassi, with Vasilis Kontogiannopoulos and Yiannis Boutaris, and headed its list at the 2009 European elections. Drassi ran jointly with Recreate Greece in the 2012 elections, and after it failed to enter parliament he stepped down as leader on 19 June 2012 while remaining an active member. Until his death he wrote regularly for the newspaper Kathimerini and the online newspaper Liberal.

Personal life

Manos was married to Kirsten Manou, and they had five children: Alexandros, Konstantinos, Filippos, Marietti and Ioanna. He wrote the book Antistrouthokamilika, published by Kathimerini in 2010, and contributed to several collective works on Greek reform, including a 2016 volume proposing a new constitution for Greece. He was made a Knight of the Legion of Honour by the President of…

Manos was married to Kirsten Manou, and they had five children: Alexandros, Konstantinos, Filippos, Marietti and Ioanna.

He wrote the book Antistrouthokamilika, published by Kathimerini in 2010, and contributed to several collective works on Greek reform, including a 2016 volume proposing a new constitution for Greece. He was made a Knight of the Legion of Honour by the President of France. A biography by the journalist Aris Portosalte, Stefanos Manos: A Break with Inertia, was published in 2022.

In 2010 he was seriously ill with pneumonia caused by H1N1 flu, from which he recovered.

Death

Manos had suffered from lung problems since 2022. He died on Saturday 15 August 2026, the feast of the Dormition, aged 86. Kathimerini reported his death that morning. Prime Minister Kyriakos Mitsotakis said he had learned of the death with sadness, recalled knowing Manos as a close associate of his father and a minister in his government, and described him…

Manos had suffered from lung problems since 2022. He died on Saturday 15 August 2026, the feast of the Dormition, aged 86. Kathimerini reported his death that morning.

Prime Minister Kyriakos Mitsotakis said he had learned of the death with sadness, recalled knowing Manos as a close associate of his father and a minister in his government, and described him as an unconventional politician with modern and decisive positions that were often ahead of their time. He singled out the arrival of mobile telephony, the contracts for the Metro and the Rio-Antirrio bridge, and the pedestrianisation and protection of traditional settlements.

His funeral was held at Kefalari in Kifisia on 20 August 2026. It was attended by family and friends and by figures including the Speaker of Parliament Nikitas Kaklamanis, Deputy Prime Minister Kostis Hatzidakis, Minister of State Akis Skertsos and Interior Minister Theodoros Livanios.

Legacy

Manos is remembered as one of the most consistent liberal voices in modern Greek politics, a reformer who argued for privatisation, fiscal discipline and a smaller state long before these ideas were mainstream, and who was willing to break with party leaders to defend them. His work as a planning and environment minister left a visible mark on Athens, from…

Manos is remembered as one of the most consistent liberal voices in modern Greek politics, a reformer who argued for privatisation, fiscal discipline and a smaller state long before these ideas were mainstream, and who was willing to break with party leaders to defend them. His work as a planning and environment minister left a visible mark on Athens, from the pedestrian streets and bus lanes of the centre to the restored Plaka, and on the major infrastructure projects that shaped the country in the following decades. His critics argued that his refusal to weigh political cost often left him isolated.

Questions people ask about Stefanos

Who was Stefanos Manos?
Stefanos Manos was a Greek liberal politician who served as Minister of the Environment, Minister of National Economy and Minister of Finance under Konstantinos Mitsotakis, and who founded The Liberals and co-founded Drassi.
When did Stefanos Manos die?
He died on Saturday 15 August 2026, the feast of the Dormition.
How did Stefanos Manos die?
He died after several years of serious health problems. Greek reports say he had suffered from lung problems since 2022. No more specific cause was made public.
How old was Stefanos Manos?
He was 86. He was born in Athens on 20 December 1939.
What did Stefanos Manos say about taxis?
As finance minister in 1992 he said it would be cheaper for Greece to send every rail passenger to their destination by taxi, highlighting the losses of the state railways. The line was later quoted by Michael Lewis in his book Boomerang.
What parties did Stefanos Manos found?
He founded The Liberals in April 1999 after his expulsion from New Democracy, and in March 2009 he co-founded Drassi with Vasilis Kontogiannopoulos and Yiannis Boutaris.
Where was Stefanos Manos's funeral?
His funeral was held at Kefalari in Kifisia, north of Athens, on 20 August 2026, attended by family, friends and senior politicians.
Who was Stefanos Manos married to?
He was married to Kirsten Manou, and they had five children.

Written by People Forever from Wikipedia (CC BY-SA 4.0) and the reporting cited. Updated . Spotted a mistake? Tell us.

Timeline

  1. 20 December 1939
    Born in Athens, Greece
  2. 20 December 1939
    Born in Athens
  3. 1 January 1963
    Graduates in mechanical engineering from ETH Zurich
  4. 1 January 1965
    Receives an MBA from Harvard University
  5. 1 January 1966
    Joins Allatini as assistant general manager
  6. 1 January 1977
    Elected to parliament for New Democracy
  7. 1 January 1980
    Becomes minister of spatial planning, housing and environment
  8. 1 January 1990
    Becomes minister for the environment, physical planning and public works
  9. 1 January 1992
    Becomes minister of national economy and then minister of finance
  10. 1 January 1998
    Expelled from New Democracy
  11. 1 April 1999
    Founds The Liberals
  12. 1 January 2004
    Elected as an independent on the PASOK state list
  13. 17 March 2009
    Co-founds Drassi
  14. 19 June 2012
    Steps down as leader of Drassi
  15. 15 August 2026
    Dies aged 86
  16. 15 August 2026
    Died
  17. 20 August 2026
    Funeral held in Kifisia
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