Greece's Ministry of National Economy and Finance agrees with Germany to push EU Savings and Investments Union and deepen bilateral investment cooperation

Greece's Ministry of National Economy and Finance published a readout of Minister Kyriakos Pierrakakis’s meeting in Berlin with Germany’s Vice Chancellor and Federal Minister of Finance Lars Klingbeil, focused on strengthening bilateral economic ties and accelerating European Union economic and financial integration. The discussion centred on advancing the Savings and Investments Union and intensifying cooperation to support investment into Greece. The ministers highlighted the Savings and Investments Union as a route to unlock European capital and enable stronger European corporate groupings, including through mergers, cross-border synergies and partnerships aligned with proposals associated with Mario Draghi to build “European champions” and bolster EU competitiveness. They also discussed prospects for increased investment in Greece and agreed to step up cooperation and explore new initiatives, citing Greece’s fiscal trajectory and opportunities in infrastructure, energy, technology, innovation and the digital transition; Pierrakakis additionally referenced Greece’s digital transformation and the recent acquisition of the Athens Stock Exchange by Euronext as supporting integration into a broader capital market and liquidity pool. Pierrakakis issued a formal invitation for Klingbeil to visit Greece to further deepen cooperation and noted a follow-on meeting with Germany’s minister responsible for digital policy.