Greece’s Ministry of National Economy and Finance published an interview in which Minister Kyriakos Pierrakakis, who is also Eurogroup president, called for parallel reforms to Europe’s capital markets, banking system, energy market and technology policy to lift productivity while preserving fiscal credibility. Speaking at an Atlantic Council event during the International Monetary Fund and World Bank annual meetings in Bangkok, he highlighted the recent EU agreement on market supervision as progress toward the Savings and Investments Union and said related negotiations should be completed within two months. Pierrakakis said banking integration should remove national barriers to cross-border activity, enable greater scale and support technology investment without weakening regulation. Only 16% of European business financing is cross-border, while about EUR 230 billion of high-quality liquid assets could be released by reducing barriers. He also advocated common European safeguards for liquidity, bank resolution and risk management to replace national protections where these are removed, noting that this position does not yet have Eurogroup consensus. At the national level, Greece will introduce investment accounts for children born in the country from the start of 2027, with the state matching family contributions up to EUR 1,200 annually. Pierrakakis also reiterated Greece’s budget forecast of 2.3% growth and a primary surplus above 3% for 2027, arguing that private investment and lasting reforms must sustain growth as Recovery and Resilience Facility funding winds down.

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