At the Deutsche Bundesbank’s Financial Markets Conference, Greek Minister of National Economy and Finance and Eurogroup President Kyriakos Pierrakakis called for faster implementation of Europe’s established reform agenda. He identified the Savings and Investments Union, Banking Union, energy integration, productivity and technology policy as priorities, arguing that Europe must advance these areas concurrently as geopolitical, energy and bond market pressures affect economic policy and public finances. Pierrakakis pointed to work on the Market Integration and Supervision Package and banking consolidation as evidence of progress, but said Europe must accelerate. He also advocated simpler EU and banking rules that are easier to apply, stressing that simplification does not mean deregulation. A proposed 28th regime could provide a common framework to streamline activity across Europe, including cross border mergers and acquisitions. On financial sovereignty, Pierrakakis described the digital euro as the central European project for resilient payments infrastructure, complemented by private innovation under the Markets in Crypto-Assets Regulation. More broadly, he urged Europe to invest selectively where it has comparative advantages, diversify critical supply chains and develop domestic capabilities only in strategically necessary areas, while preserving an open trade strategy.
Greece's Ministry of National Economy and Finance urges faster EU integration, simpler rules and a digital euro
Greek Minister of National Economy and Finance and Eurogroup President Kyriakos Pierrakakis urged faster progress on EU capital markets, Banking Union, productivity and technology policy. He backed simpler but not weaker regulation and positioned the digital euro, alongside private innovation under the Markets in Crypto-Assets Regulation, as central to European financial sovereignty. Europe should build strategic capabilities selectively while maintaining open trade.