Greece's Ministry of National Economy and Finance minister Kyriakos Pierrakakis elected Eurogroup president and prioritises Savings and Investments Union and digital euro

Greece's Ministry of National Economy and Finance published a statement by Minister Kyriakos Pierrakakis following his election as President of the Eurogroup, setting out priorities aimed at keeping the forum focused on unity and execution of key euro area initiatives. He highlighted delivery on the EU’s Savings and Investments Union agenda, the single market and the digital euro, alongside strengthening the euro area’s fiscal foundations with an emphasis on competitiveness and growth. Pierrakakis thanked colleagues for their support, paid tribute to outgoing President Pascal Donohoe and acknowledged Vincent Van Peteghem’s role in the process. He argued that long-standing North–South and other dividing lines have receded as member states face shared challenges, citing defence pressures stemming from Russia’s invasion of Ukraine, technological innovation and macroeconomic imbalances. Referring to the Draghi and Letta reports and European Commission policy work, he called for more cooperation and faster, more flexible implementation, and drew on Greece’s experience over the past decade to underline the risks of inaction and the potential gains from reform.