Greece’s Ministry of National Economy and Finance published a statement by Minister Kyriakos Pierrakakis following Eurogroup and ECOFIN meetings, setting out Greece’s strategic priorities and positions. He highlighted work on the digital euro and completion of the Banking Union, reaffirmed support for a rules-based international economic order, and backed the European Commission’s efforts to develop a comprehensive EU-US trade agreement. The statement also addressed themes discussed at ECOFIN, including European competitiveness through reducing “regulatory red tape” and advancing a Savings and Investment Union. On defence, Pierrakakis noted that Greece had requested activation of the national escape clause for defence to create additional fiscal space for planned defence investments, and positioned development of a national defence industry as a strategic priority, while supporting the principles of the SAFE instrument to pool resources for common procurement at European level.
Ministry of National Economy and Finance (Greece) 2025-05-13
Greece’s Ministry of National Economy and Finance reaffirms priorities on the digital euro, banking union and defence fiscal flexibility after Eurogroup and ECOFIN
Greece’s Ministry of National Economy and Finance outlined priorities after Eurogroup and ECOFIN meetings, emphasizing the digital euro, Banking Union completion, and EU-US trade agreement support. Minister Kyriakos Pierrakakis highlighted reducing regulatory red tape to boost competitiveness and advancing a Savings and Investment Union. Greece seeks to activate the national escape clause for defence investments and prioritizes developing a national defence industry, supporting the SAFE instrument for common procurement.