The Ministry of National Economy and Finance published remarks by Minister Kyriakos Pierrakakis, who is also Eurogroup president, at a Jacques Delors Centre event on Europe’s growth prospects. Pierrakakis identified the Savings and Investments Union as the leading priority for overcoming fragmented national markets, backed stronger common capital markets supervision and greater banking consolidation, and said the Eurogroup’s agenda this year would extend to technology, energy, natural resources and defense. Pierrakakis supported a stronger role for the European Securities and Markets Authority alongside national supervisors and highlighted work on market integration, supplementary pensions and securitization as ways to channel trillions of euros in bank deposits into productive investment. He also proposed auctioning forthcoming 6G and space spectrum at the European level, with part of the proceeds funding the EU’s Multiannual Financial Framework and part directed through the European Investment Bank to support technology investment. More broadly, he advocated linking EU budget funding to reforms, following the Recovery and Resilience Facility model, while noting that no consensus has emerged on making common EU debt a permanent financing tool.
2026-09-15Ministry of National Economy and Finance (Greece)
Greece’s Minister of National Economy and Finance Kyriakos Pierrakakis calls for common capital markets supervision and EU-wide 6G spectrum auctions
Greece’s Minister of National Economy and Finance Kyriakos Pierrakakis called for stronger common capital markets supervision, greater banking consolidation and faster progress on the Savings and Investments Union. He proposed EU-wide auctions of 6G and space spectrum, with proceeds supporting the EU budget and European Investment Bank technology financing. He also backed reform-linked EU funding while noting the absence of consensus on permanent common debt.