Greece's Ministry of National Economy and Finance published remarks by Eurogroup President and Greek finance minister Kyriakos Pierrakakis to the European Parliament's Economic and Monetary Affairs Committee, setting out the Eurogroup's current priorities rather than announcing new measures. He said the euro area is facing high uncertainty from the energy shock and wider geopolitical pressures, that the European Central Bank remains focused on returning inflation to its 2% target, and that government support to offset high energy prices should be temporary, targeted and designed so as not to undermine fiscal stability or the EU's agreed fiscal rules. The Eurogroup will continue monitoring and coordinating national fiscal policies and plans to assess the overall fiscal stance in July. Among the supporting points cited in the speech, IMF analysis presented to the Eurogroup indicated that untargeted fuel and electricity support benefits higher-income groups three times more than vulnerable ones, while diversification of energy sources since 2022 has reduced the crisis impact by 12%. Pierrakakis also set out a broader agenda centred on investment in energy grids and storage, the Savings and Investments Union, deeper capital markets, a more integrated banking sector, cyber resilience and a digital euro. He said progress is being made in the Council and European Parliament on the digital euro and expressed hope that negotiations will conclude within the year, alongside continued private-sector innovation under the Markets in Crypto-Assets framework.
Ministry of National Economy and Finance (Greece) 2026-05-05
Greece's Ministry of National Economy and Finance outlines Eurogroup priorities on targeted energy support digital euro and a July fiscal stance review
Greece's Ministry of National Economy and Finance published remarks by Eurogroup President Kyriakos Pierrakakis to the European Parliament outlining the Eurogroup’s priorities amid uncertainty from energy and geopolitical shocks, with the European Central Bank focused on returning inflation to 2% and fiscal support for energy prices remaining temporary, targeted and consistent with EU rules. He cited IMF analysis showing untargeted fuel and electricity support disproportionately benefits higher-income groups and stressed ongoing monitoring and coordination of national fiscal policies. Pierrakakis also highlighted investment in energy infrastructure, the Savings and Investments Union, deeper capital markets and banking integration, cyber resilience, and progress on the digital euro under the Markets in Crypto-Assets framework.