Greece's Ministry of National Economy and Finance released remarks by Minister Kyriakos Pierrakakis from an Institute of International and European Affairs fireside chat in Dublin, where he framed Europe’s next growth phase around scaling up integration and accelerating the digital economy. He pointed to Greece’s citizen-facing digital reforms, including gov.gr, as a model for reducing bureaucracy and improving public service delivery. On EU policy, Pierrakakis argued that Europe needs a single market of sufficient scale to foster European and global technology champions, and highlighted implementation of the Draghi Report alongside cross-border mergers and synergies supported by completion of the Savings and Investment Union. He also called for rapid but “smart” European regulation for digital money and stablecoins, noting that 95% of stablecoins are denominated in US dollars and only 1% in euros, and positioned the digital euro as a common “anchor” around which private innovation can develop. The remarks also cited the speed of technological change, including artificial intelligence, as outpacing political institutions, and set this against Greece’s post-crisis trajectory, including a debt-to-GDP ratio projected to fall from nearly 210% after the pandemic to below 120% by 2029 and a tax-cut package described as the largest in modern Greek history with a demographic focus.
Ministry of National Economy and Finance (Greece) 2025-12-01
Greece's Ministry of National Economy and Finance urges a digital euro anchor, faster stablecoin rules and deeper EU market integration
Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, emphasized Europe's need for a unified digital economy to foster technology champions, citing Greece's digital reforms as a model. He advocated for smart regulation of digital money and stablecoins, highlighting the dominance of US dollar-denominated stablecoins and the potential of the digital euro. Pierrakakis also noted Greece's economic recovery, with a projected debt-to-GDP ratio decrease and significant tax cuts.