Greece’s Ministry of National Economy and Finance published remarks by Minister and Eurogroup President Kyriakos Pierrakakis at the Investopia conference on pressures driving up borrowing costs and opportunities for investment cooperation with the United Arab Emirates (UAE). Speaking on the panel “Connecting Markets in a Time of Global Change,” Pierrakakis described Greece as a potential gateway for UAE investors to the European single market, rather than announcing a new investment agreement or policy measure. Pierrakakis cited average European 10-year bond yields of 4%, compared with 1.1% a decade earlier, in arguing that the era of cheap capital had ended. He identified energy pressures and geopolitical instability, larger fiscal deficits, and increased defense and investment needs as drivers of higher rates. Aging populations add social spending pressures, while artificial intelligence (AI) infrastructure investment puts governments in competition with major cloud technology companies for capital. On AI policy, he emphasized the need to capture productivity gains while managing risks and adapting to rapid technological change. On bilateral investment, Pierrakakis highlighted potential cooperation in shipping and logistics, including the India–Middle East–Europe Economic Corridor, and called for removing barriers to investment without specifying new measures. UAE Minister of Investment Mohamed H. Alsuwaidi identified defense, health care and modern logistics as priority areas for applying AI and technology expertise. He also argued that Greece could benefit from trade flows redirected by disruptions at the Strait of Hormuz and Bab el-Mandeb, provided it increases investment in logistics, energy and supporting infrastructure.
Greece’s Ministry of National Economy and Finance reviews higher borrowing costs and investment opportunities with the United Arab Emirates
Greece’s Ministry of National Economy and Finance published Investopia remarks by Minister and Eurogroup President Kyriakos Pierrakakis examining higher borrowing costs and Greece’s potential role as a gateway for UAE investment into the European single market. He linked upward pressure on yields to energy and geopolitical risks, fiscal and demographic pressures, and competing investment demands, including AI infrastructure. UAE Minister of Investment Mohamed H. Alsuwaidi highlighted cooperation in defense, health care and logistics, with Greece’s ability to capture redirected trade flows dependent on infrastructure investment.